ape itu ADVANCE AUDIT?

ok.. since ak mcm da muak bc audit ni, i figure if ak muak baca, apakata ak tulis pulak ak pe yg dah baca..haaa..in that way, ak bole ingat balik pe yg da d revise..yea2.kepada org2 yg xde kene mengene ngn adv audit, u can skip this post. ;p
ok 1st, pn yaz ckp..final consist of 2 section..the 1st section has 1 Question(40 marks) which is compulsory, and the 2nd section contains 3 Question but answer 2..still this questions have sub-questions *seronok kan!!!* and this sub-questions may differ between the 1st and 2nd sub..in other words, i have to read the whole damn book bcoz she didn't specify the question to only certain chapters..de p bubuh sume skali in ONE question paper..GREAT~ then Q1, we have to write an audit report which carries 16 marks,and the rest of the marks for sub-questions in Q1.she said that the 1stQ same like past year(70% sama)..de bg FS, then kite kene buat report based on that.
ok. move on to section B, it contains 3questions but answer 2..dengar ura2 maybe masok internal control, ethics(yg discuss dlm tutorial, 80% sama dgn final) dgn ape2 lg tah..byk jugak la 2nd part nih..

so now murid2, we are going to discuss the 1st section..the audit report ye..
how to prepare an audit report? ok..1st we have to know there are 5 types of audit report..the 1st one is Unqualified audit report.means good report, but it could include the emphasis of matter if only the org. has going concern uncertainty or other significant uncertainty..the word start with, "without qualifying our opinion, we draw attention to note...."
we produce unqualified report if the overall report is good, which means.no limitation of scope, or disagreement between company and auditor.
we move on to the 2nd type of report, the qualified audit report..ok..for qualified the word start with,"except for..." it could be qualified bcoz of limitation of scope (not enough evidence to support the assertion) or disagreement( didnt agree with the org. reason or statement)..but it is qualified if only the event is immaterial..if it is material, then it would produce disclaimer(if there's a limitation of scope and pervasive) and adverse(if there's disagreement and pervasive)

ouh lupe, yg emphasis of matter tu, all 5 reports cn have it.so bukan unqualified je eh..hehe..

and to produce an audit report, u need memorize the format, which is:

1)title: report of the auditors

2)addresse: to the members of the company

3)introductory para: u have to state, what have u audited.(eg: we have audited the Fs of... sdn bhw which comprise the BS as at...the IS, cash flow,...and etc)

4)mngmt's responsibility: these financial statements are the responsibility of the Company's Directors.

5)auditors' rspnsblty: said that it is our respnsblty to audit it and no other person should take respnsblty for the content.

6)scope para: haa..kt sini we talk about kite audit ikot standard mn, and what kind of audit procedures that we have done.

7)opinion para: bg la opinion korunk..goreng2 part r ni.

8)name and signature:

9)address

10) date of report.

p/s: ini format untuk unqualified report ye anak2..tok qualified and others, it differs a bit, where u have to add explanatory para between scope para and opinion para. in explanatory para, state y u said it is qualified, or others..

OK!! i think i have explain too much..huhu..mintak2 la melekat dlm otak ape yg ak bebel..

this is just Q1, blom laen lg...errrkk!!!

-bdk kelaparan caused by excessive brain usage- haha!