Review Chapter 2: Audit Evidence (PSP_DAT5CJUNE2020) Group Members: 1. Muhammad Hazry Shafiq Bin Zakaria    (10DAT18F1030) 2. Muhammad Faris Hakim Bin Jansari        (10DAT18F1099) 3. Thanesuwari A/P Ravi                                      (10DAT18F1068) 4. Nurintan Balqis Binti Roslin                         (10DAT18F1085) 5. Nur Nasuha                                               (10DAT18F1093) INTRODUCTION An auditor applies various audit procedure to obtain audit evidence which enables him to form an opinion whether the financial statements of an entity are free from material misstatement and state a true and fair view or not. Evidence collected by the auditor should support the contents of its audit report . Sufficiency of audit evidence is the measure  of the quantity of audit evidence. Appropriateness of evidence is the quality of the evidence, such as its relevance and reliability to support the auditor’s opinion. Refer to slide for more information:  https://app.conceptbo

                                              Assalamualaikum and Salam Sejahtera.  Welcome to our blog  ✋                           CHAPTER 2 : AUDIT EVIDENCE        Group member:😀 1)Muhammad zambri bin shamsudin (10dat18f1069) 2)NurFarahin Bt Norazmi(10dat18f1040) 3)Syazwani athiqah binti Hasnan(10dat18f1112) 4)Wong Xhin Chee(10DAT18F1036) 5)Vimala veloosamy (10DAT18F1082) Our discussion in this chapter at facebook live  https://web.facebook.com/mypolyaudit/videos/4136958723041327/ Our slide 😆 https://app.conceptboard.com/board/7y1r-pnnf-b36p-nmzr-bd6n#item=687cd88f-8b01-437d-bc64-e7f04b675834-8 Youtube  👇 https://youtu.be/8k3g1gIWc8Q Extra Information 💪 Ways to collecting audit evidence -Inspection  -External Confirmation  -Documentation  -Recalculation  -Reperformance  -Analytical Precedures -Inquiry https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.iedunote.com%2Faudit-evidence&psig=AOvVaw2Z6LScn3u1G1Z8Ma7bpN2_&ust=1597833526230000&source=images&cd=vfe&

Review Chapter 1: Audit Documentation 1)MUHAMMAD MUAZ BIN MOHD HASSAN (10DAT18F1012) 2)AZLINA BINTI ABDUL LATIF (10DAT18F1087) 3)SALY YAM INMA ANZIRA BINTI ABDUL AZIZ YAM (10DAT18F1081) 4)NIVASHINI A/P SURESH (10DAT18F1064) 5)RIKHA SARI BINTI ZAINUDDIN GOPAL (10DAT18F1077) 6)SITI NOR AISHAH BINTI SHAHUDDIN (10DAT18F1083) INTRODUCTION Audit documentation stands for the documentation or records of the procedures that the auditors have conducted, the audit evidence that they got, as well as the conclusion they have made according to the evidence they acquire. Sometimes, people would call audit documentation as an audit working paper. Some examples of internal audit documentation are the internal control documents which the auditor has prepared in Microsoft Excel, Microsoft Word or various other application. Another example which describes audit documentation will be the working paper which an auditor will usually prepare to record and test expenses for depreciation. Refer to slide that we

Welcome to our blog 😊 We are from group 1, DATB

Kumpulan kami mengsertakan link untuk video live Facebook:  https://www.facebook.com/mypolyaudit/videos/187309939278831/ Ulasan yang kami peroleh daripada video ini adalah: Introduction audit in computerised    IT have been widely and rigorously used by most companies. IT assists the business in various aspects such as in production, communication or E-commerce, internal controls, financial reporting and decision making. The IT environment Electronic data processing (EDP) is the main functions of planning, recording , managing and reporting business transaction throw the use of computers and related software.  The software used will have different structure of modules and programmers that differ for each client EDP infrastructure  - Video have been given https://www.facebook.com/mypolyaudit/videos/594482704737757/ Hardware consists of the CPU (central processing unit), monitor, printer, mouse and keyboard. - personal computer (PC) - local area net

  Auditing in computerised information system environment Disini kumpulan kami sertakan link untuk video live di Facebook.  https://www.facebook.com/mypolyaudit/videos/187309939278831/ Kami akan mengulas serba sedikit tentang video diatas 👧 Audit of computer environment an exist when any type an size of the computer used in the processing of financial information that is important for an audit of an entity, whether the computer is carried out by the entity itself or by a third party.  👧 Electronic Data Processing ( EDP ) is the main function of planning, recording, managing and reporting business transactions trough the used of computers and related software.  👧Changing information of technology and its implication for auditing.   Organizational structure. The way data is process. 👧The general and application control on CIS       General IT controls   General controls  👧Hardware and software controls  Hardware control - Control that are

https://www.facebook.com/mypolyaudit/videos/138794940649702/ AUDIT COMPLETION ~final analytical procedures ~review of subsequent events and loss contingencies ~examining related party disclosures ~review of going concern issue ~Evaluation of financial statement presentation and disclosures 1) Final evidential evaluation processes a) performance of final analytical procedures b)identifying subsequent events c)review for loss contingencies d)examining related party disclosures e)review of going concern issue f)Evaluation of financial statement presentation and disclosures EXAMPLE OF TYPE OF LITIGATION -breach of contract -patent infringement -product liability -violation of law and legislation including ~securities laws ~company laws ~income tax regulation ~environmental laws RELATED PARTY DISCLOSURE -purchases or sales of goods (including raw materials and unfinished goods) -purchases or sales of property and other capital assets -rendering and receivin