Advanced Audit and Assurance - Module 2

CPA Australia Advanced Audit and Assurance — Module 2: Planning the Audit of Historical Financial Information. Listen-along study episode covering the auditor's objectives and responsibilities, engagement terms and planning, risk assessment through understanding the entity and its controls, and responding to assessed risks. 📘 AAA Index — 488 key terms with study-guide page refs: https://buymeacoffee.com/cpaexamguide/e/559230 More CPA exam prep: https://cpacopilot.net/ What this episode covers • Objectives of an audit: audit risk, professional scepticism, and fraud versus error • Terms of engagement: preconditions and the engagement letter • Audit planning: overall strategy, financial statement assertions and materiality • Understanding the entity and its environment, and its internal controls • Specific risks: fraud red flags, going concern, climate risk and NOCLAR • Analytical procedures, and responding to assessed risks This is an independently created third-party study resource. CPA Copilot is not affiliated with, endorsed by, or sponsored by CPA Australia. It does not replace the official CPA Australia study guide or learning materials. #CPAAustralia #AuditAndAssurance #CPAexam Disclaimer: This podcast, CPA Australia Exam Guide, is not affiliated with, endorsed by, or sponsored by CPA Australia. All content provided is for general educational and informational purposes only and does not constitute professional advice or official study materials for the CPA Australia Program exams. We respect the intellectual property and copyrights of CPA Australia and strive to comply with all applicable laws. Any references to CPA Australia’s syllabus, study guides, or exam structure are based on publicly available information and are used solely to support candidates’ independent study efforts under fair use principles. Listeners are encouraged to consult CPA Australia’s official resources, available at www.cpaaustralia.com.au, for authoritative guidance. The podcast creators assume no liability for any errors, omissions, or reliance on the content provided. By listening, you agree to use this content at your own risk. Hosted on Acast. See acast.com/privacy for more information.