ACCA F8 - Laws and regulations |

This is the 7th video in the series of nine. Covering part B: - Planning and risk assessment of ACCA's F8 - Audit and Assurance paper including:

1. The acceptance stage: “Obtaining, accepting and continuing audit engagements.”
2. Engagement letter: “Objective and general principles.”
3. “Quality Control”
4. Audit risk: “Assessing audit risks.”
5. Identifying Audit risk: “Understanding the entity and its environment.”
6. “Fraud”
7. “Laws and regulations”
8. “Planning process”
9. "Audit documentation"

Watch full playlist here:    • AA [F8] - B: Planning and risk assessment  


Download ACCA F8 2022 - 2033 syllabus here: https://www.accaglobal.com/in/en/stud...
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After watching this video, you will be able to:

a) Discuss the effect of fraud and misstatements on the audit strategy and extent of audit work.
b) Discuss the responsibilities of internal and external auditors for the prevention and detection of fraud and error.
c) Explain the auditor’s responsibility to consider laws and regulations

Video 8: Planning process |    • ACCA F8 - External auditor planning proces...  
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Video contents:
00:00 - intro
00:47 - Guidance for external auditors
01:22 - IFAC
02:13 - ISAs
02:41 - Development of new ISA
04:10 - Who needs audit?
04:50 - Practitioners
05:28 - Rights of auditor
06:09 - Auditor's duties
06:36 - Appointment of external auditors
07:41 - Removal of an auditor
07:54 - Reasons for resignation
08:26 - Shareholders' responsibility
09:07 - Summary
10:01 - End

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Transcript:


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