Topic 8 - Basics of substantive testing

[@timnachu8599]

I have my auditing exam coming next Tuesday. I learn a lot through your videos. Thanks!!

[@tnbau6682]

Hey Amanda, you’re the best, please keep helping students. As a Chinese I’m proud of you👍🏽

[@amandalovestoaudit]

Thanks Chao! Where are you studying and what course?

[@marvelouss719]

I am glad Dr. Amanda has made accounting her chosen field and I am hopeful her parents are "proud."

[@athenazh7673]

Give me a lot of help! good teacher! support you to keep posing the videos of auditing and accounting! really appreciate it!!

[@amandalovestoaudit]

Thanks Athena - best of luck in your studies!

[@xikalu8448]

Thank you so much! Lecturer in my uni does not notify very much about some details and they just give us some conceptual ideas to learn which is definitely not helpful for us to understand deeply about the knowledge and can not prepare well for exam. As a Chinese student studied in Australian, I am proud of you as well!!

[@amandalovestoaudit]

Thank you and you’re welcome 😊 Don’t forget your teacher probably has consultation/office hrs where you can get in-person assistance 😊

[@khalilalrayes130]

Great lecture, thanks Amanda

[@amandalovestoaudit]

Thank you Khalil!

[@dr.ehabelbahar2894]

Really it is very nice and informtive session. Two weeks ago i established my channel explaining internal auditing and later i will add videos in external auditing. My video is in English and Arabic

[@abdulkarimabdulrahim9176]

Great teacher , material is great too

[@florencefortyseven]

When I heard "if I'm an importer, what's happened recently that would make my profit go down?" I thought "well, obviously the pandemic." Then I remembered this was filmed in very different times!

[@londekaboniswa8591]

Great work Amanda. can you please do more videos on consulting engagement process and on how auditors perform💯😊

[@ajay7818]

Hey Amanda! first of all, thank you so much for posting these lectures. they are very helpful. Could you please post a detailed lecture on how to document the audit properly(including the audit plan, procedures and testings) from start till end and if possible with an example. I am actually having a problem at this. Hoping for a positive reply!!

[@amandalovestoaudit]

Hi Ajay - I don’t really have anything that is start to finish - it would be an hour long. A good start would be the video I have on ASA230 audit documentation. I’m replying on my phone - but I’ll try put together some links to relevant vids in my channel tomorrow 😊

[@afaqahmedkhan6348]

I paid $5625 for a unit to my university and Instead, I watch your lectures :'). I'm currently doing the Auditing & Assurance unit.

[@amandalovestoaudit]

Don't forget that your lecturer writes the exams - always good to make sure you read their material and resources too 😊

[@Rashesh_Majithia]

Your teaching is excellent but I feel more people would appreciate if you provide a time index (at what minute does the topic change) it would help us check out parts more directly. Great lecture though, Thanks!

[@amandalovestoaudit]

Hi Rashesh! This is a great idea - though a time consuming one. I’ll see what I can do over my holiday break 😊

[@kikicheung9679]

Hi Amanda, Would you please upload the lecture note for this video, as this is not included in your blog :) In the uploaded note, only 2 slides go with topic, topic 2 & 10, the rest are Chapter. Thank you!!!

[@melvinor2284]

Great Lecture!

[@amandalovestoaudit]

Thanks Melvin!

[@Nedwin]

Finally, I found what I need. Subscribed, btw.

[@amandalovestoaudit]

Thanks Nedwin! For an organised list of videos - also check out my free study guide on my website :) amandalovestoaudit.com/learning-resources/audit-study-guide/

[@Nedwin]

@@amandalovestoaudit sure thing, thanks again!

[@syedsaqibali1482]

great lecture

[@petertaylor6491]

Thanks for the lecture. I think I can be a better student listening from right here!

[@amandalovestoaudit]

+Peter Taylor best of luck in your studies!

[@wenlinglau9745]

Hi Amanda, Great lecture. I was just wondering is there by any chances i can have a look at the video that you mentioned in this video about the examples of design test? is there any videos that I can refer to?

[@amandalovestoaudit]

Hi Wen! Substantive Testing playlist kzbin.info/aero/PLpJRVR3iB5Z7iZdvXUlEOD0rjcutwYnkv

[@xikalu8448]

Hi Amanda, your lecture is so helpful. may I ask u about the difference between "vouching" and "tracing"? I 'm kind of confused about these two words, is that vouch is look what client recorded back to see support evidence and tracing is look the source document back to see what they recorded? but in McDonald example, you said one procedure for existence is "vouch outstanding invoice to physical inventory", I'm confused about this

[@amandalovestoaudit]

Hi Xika! Check out this video What is the difference between vouching and tracing? kzbin.info/www/bejne/b326ZqVvg52SpLM

[@cecilemichael4565]

Hi Amanda I wanna do my master in Australia am in South Africa please how can you help thanks

[@amandalovestoaudit]

Hi Cecile This is the official govt info website for studying here - www.studyinaustralia.gov.au/ Right now most international students are studying from their home countries online and when borders re-open - will have the opportunity to come here for study. Cost of living is quite high here and right now, part time jobs for international students are hard to find. Most universities will have some scholarships available - you’ll need to check individual uni websites.

[@jaminben560]

6:08 부근에 혹시 한국말로 안되~? 라고 하신건가요?ㅎ

[@chrisjunopark2943]

Undo

[@satyam.1582]

please upload videos of control procedures

[@amandalovestoaudit]

Hi Kumar - did you check out both of these videos on the channel already? Controls testing - a full worked example kzbin.info/www/bejne/oX6noaGKr7x6b8U Lecture 7 - internal controls and audit sampling kzbin.info/www/bejne/qXbSmZSCm62Cfa8

[@chetanasin9150]

Thanks

[@curiouscollectiblesAU]

47:20 **Doctors use the correct terminology** If my doctor told me he would remove the blah blah blah blah or stick in a pin the blah blah blah blah I'd run for the hills.

[@charlesfisher3983]

"Obviously I'm Asian." I didn't think it was obvious.

[@amandalovestoaudit]

Very true Charles - these are recorded live in lecture theatres where students can see me 😊

[@timothysmith4343]

How do you audit rice? Count each individually for existence and accuracy? If it comes from the USA, it's GMO fake rice? Has to be organic rice? I now have audit anxiety. Just kidding.

[@amandalovestoaudit]

By weight, as for GMO - you’d need to consider the organic certification applied and the assurance process provided by the certifying body