APC Exam | Approach for Internal Controls | Journal Testing | SAICA APC Board Exam

Hey friends 🌸
Welcome to Auditing Episode.
In this episode we cover:
1. How to prepare for Internal Controls trigger for auditing
2. What questions you can ask the internet while conducting research
3. How to respond to a question where you are required to "Evaluate the internal controls" that were provided.
4. Bonus component: "Journal Testing" and what to look out for.
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[@SiyaKhumalo-gg5kg]

You have outdone yourself on this one Ms Mabuya 🔥🔥… thank you for sharing this. Very insightful

[@NthabiMabuya]

Thank you so much 🙏 I’m glad I could help

[@nomfundopatience5507]

Thank you so much Hope❤. I'm grateful

[@NthabiMabuya]

Pleasure mama 🫶

[@charleen-owen]

This is so interesting, I am busy with honours in auditing, but working in actuarial management field for 25 years, I am so ready for some shadowing in audit area

[@NthabiMabuya]

You will always get opportunities to learn something new in auditing 🫶 You should also consider applying for vac work at an audit firm. All the best with your honours 🙏

[@Sithandwa-t6f]

Thanks for the insightful episode 🙏

[@NthabiMabuya]

It is a pleasure 🙏😊

[@supernova91409]

How do l like a thousand times❤

[@NthabiMabuya]

🤣♥️☺️ lol Thanks for the love 🥰

[@Urfavouritegirl2]

Thank you.

[@NthabiMabuya]

It’s a pleasure ♥️

[@samanthadube4333]

Thank you Hope!!🧡

[@NthabiMabuya]

You are welcome 🫶

[@shingiraimafoti2131]

Hi Hope , thank you for this ♥, can you also help with ERP systems ,like when our entity has implemented a new cloud-based ERP system , how to evaluate it during the Pre -release period

[@NthabiMabuya]

Hello 👋 … Thank you for your question I think it would be the same approach as applied in the video for internal Controls. My thought process would be as follows: 1. Ask the AI tool what the specific cloud based system is and how it works. 2. If no further info is given about the system in the PRI then you can Ask the AI tool how the system is used in that business cycle (eg: revenue cycle) 3. Ask the AI tool what controls can be implemented for such a system to work effectively 4. Then after number 3, you can apply the process explained in the video. But remember to ALWAYS link it back to the case study and make your research entity specific. I hope this helps 🤍

[@shingiraimafoti2131]

@@NthabiMabuya Thank you

[@NthabiMabuya]

It’s a pleasure ☺️