AUDIT FILE CUSTODY & OWNERSHIP |AUDIT DOCUMENTATION AND AUDIT PLANNING |CONTENT OF AN AUDIT FILE |

CONTENTS AND AN AUDIT FILE | CUSTODY OF AN AUDIT FILE AND THE OWNERSHIP OF AN AUDIT FILE I'M GOING TO AFTER NOW SUMMARIZE AUDIT DOCUMENTATION AND AUDIT PLANNING SO A COPY OF ACCOUNTS BEING AUDITED SHOULD BE IN AN AUDIT FILE SO WHICH AUDIT FILE SHOULD IT BELONG TO I'M GOING TO MENTION SOME SERIES OF CONTENTS THAT SHOULD BE IN AN AUDIT FILE AND ASK YOU THE SAME QUESTION BEFORE WE MOVE ON SO I CAN'T BE IN AUDITED INDEXES SHOULD BE IN THE OR INDEX SHOULD BE IN AN AUDIT FILE AND WHEN WE ARE TALKING ABOUT INDEX IS A SERIES OF ALPHABETS THAT WE USE IN AN AUDIT FIRM TO DEPICT WORDS SECTION OF AND HOLD IT WE THAT DOCUMENTATION REPRESENTS SO BASICALLY INDEX VARIES FROM ONE AUDIT THEM TO AN ORDER THEN ALSO DESCRIPTION OF INTERNAL CONTROL SYSTEM THAT WE'VE OBSERVED SHOULD BE IN AN AUDIT FILE WE SHOULD PUT THE INTERNAL CONTROL QUESTION YEAH FLOWCHART OR FLOWCHARTING THAT WE'VE MADE WRITTEN DESCRIPTION TOGETHER WITH SPIRAL VISION OF THE DOCUMENTS AND THE LIKE WHO SUPERVISED DATE WHO WROTE IT SHOULD BE IN AN AUDIT FILE WE SHOULD CROSS REFERENCE CROSS-REFERENCING SHOULD BE IN AN AUDIT FILE WHAT IS CROSS-REFERENCING THAT IS FOR EXAMPLE YOU ARE DEALING WITH UH CAPITAL NOW AND THE SECTION OF THE CAPITAL THEN YOU MAKE A REFERENCE TO WHO ACTUALLY DROPPED THE MONEY SO YOU CROSS CROSS REFERENCE IT TO THE SUMMARY OF THE CAPITAL INJECTION THAT WE CURRENTLY HAVE IN THE AUDIT FILE SO BASICALLY THAT'S CROSS-REFERENCE AND IT SHOULD BE IN THAT BODY FILE SO THAT ANYBODY REVIEWING IT CAN EASILY UNDERSTAND WHAT WE'VE DONE ON THE FIELD OF COURSE LETTER OF WEAKNESS TOO SHOULD BE IN AN AUDIT FILE THAT IS A LETTER FROM HOST ON THE CHART TO OUR CLIENT TELLING THEM THE INTERNAL CONTROL WEAKNESSES OBSERVED WE CALL IT LETTER OF WEAKNESS WE CALL IT ANOTHER NAME SO PUT IT IN THE COMMENTS ANOTHER THING THAT SHOULD BE IN ANOTHER FILE IS SCHEDULE FOR EACH ITEM SCHEDULE FOR EACH ITEM ITEMS IN THE BALANCE SHEET WHICH WE NOW CALL STATEMENT OF POSITION ALSO ITEMS IN THE STATE IN THE PROFIT OR LOSS AND EVERY AND OTHER CORRESPOND COMPREHENSIVE INCOME THOSE ITEMS SHOULD BE IN THE WORKING FILE OR I ALMOST TELL YOU BUT I WON'T TELL YOU I WANT I WANT US TO I WANT YOU TO TELL ME WHAT IT SHOULD BE WHICH FILE ARE WE TALKING ABOUT NOW SO ITEMS FOR EACH STATEMENT ITEMS IN THE STATEMENT OF POSITION WE WILL BE TALKING ABOUT THE ACROSS CREDITORS PAYABLES BREAKDOWN AND THE LIKE THEY SHOULD BE IN AUDIT FILE ALSO LETTER OF REPRESENTATION WHAT IS A LETTER OF REPRESENTATION SIMPLY PUT IS THE LETTER THAT THE MANAGEMENT WROTE TO US SUPPORTING ONE THING OR THE OTHER THEIR VIEW ABOUT WHAT THEY KNOW ABOUT WHAT WE ASK THEM OR WHAT THEY NEED TO TELL US BASICALLY THAT'S LETTER OF REPRESENTATION IT SHOULD BE IN AN AUDIT FILE LAST BUT NOT THE LEAST ON THIS SEGMENT I'M GOING TO MENTION IS LETTER TO THE CLIENT SETTING OUT INTERNAL CONTROL WEAKNESSES AS EARLIER MENTIONED ITS LETTER OF WEAKNESS FOR EQUAL EQUALLY BE CALLED MANAGEMENT CONTROL LETTER | IN THIS FINANCE, ACCOUNTING & BUSINESS MANAGEMENT VIDEO BY GJAMES ASSOCIATES', GBENGA JAMES OLATUNJI [FCA] OF #GJAMESASSOCIATES EXPLAINS CA ICAN, ICAEW EXAM TOPICS & HOW TO PASS SUCCESS TIPS. FINANCE & ACCOUNTING |FINANCE & INVESTMENT EDUCATION | #ICEAW | #ICAN |#ACCA| | #CA EXAMS |#CPA I #EDUCATIONAL #FINANCE #SMP #SME #ACCOUNTING #MSC #UNIVERSITY #PROFESSIONAL #MONEY #STRATEGY #ETHICS #MAKEMONEYONLINE #EARNMONEYONLINE |MIPA|CFI|ICMAB|PICPA|IFA|ICASL|ICAB|CAANZ|CIMA|CIPFA|AAT|AICPA|AIA|ANAN|BICA|CGA| ATSWA| CIMA | CA ANZ | CAI | ICAM | IAI | ISCA | CAEW | ICAB | ICAI | ICAP | ICAS |CA SRI LANKA | ICAZ |SDAICA |ZICA | ICAN | ICAEW | ACCA | CPA | CA EXAMS
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THIS VIDEO IS CERTAINLY FOR STUDENTS PREPARING FOR THE ICAN PROFESSIONAL LEVEL EXAMINATION (STUDENTS OF THE INSTITUTE OF CHARTERED ACCOUNTANTS NIGERIA(ICAN)) STUDYING CSME, CORPORATE STRATEGY, MANAGEMENT AND ETHICS, GOVERNANCE AND BUSINESS MANAGEMENT AND INFORMATION SYSTEMS, FR, FA, CR ETC.

GBENGA OLATUNJI IS A TRAINED AND CERTIFIED LECTURER WITH MANY YEARS OF EXPERIENCE BOTH IN THE CORPORATE WORLD AND THE EDUCATION INDUSTRY. HE IS THE MANAGING PARTNER AT GBENGA OLATUNJI & CO. AND TRAINING PARTNER, GJAMES ASSOCIATES, A PUBLISHED AUTHOR OF TWO (2) LIFE ENHANCING BOOKS. THE GIFT: YOUR REWARDING WAY TO FULFILMENT AND RELEVANCE AND YOU ARE PRECIOUS: KNOWING YOUR TRUE SELF
THE OBJECTIVE OF THIS COURSE IS TO TURN YOU INTO A BUSINESS STRATEGIST AND FUNCTION AT THE MANAGEMENT AND EXECUTIVE LEVEL OF BUSINESS ORGANISATIONS. ALSO, PASSING YOUR ICAN EXAMS AND ALL CHARTERED ACCOUNTANTS EXAMS WITH EASE
FOR YOUR IN HOUSE TRAINING, BUSINESS AND PERSONAL ADVISORY SERVICES
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