00:03 Overview of Audit Procedures 02:12 Key procedures for addressing misstatements in audits 06:26 Analytical procedures help identify unusual trends and fraud risk. 08:37 Observation and inspection key to audit procedures 12:11 Testing and evaluating controls is crucial in the audit process. 13:51 Extent of test of control considerations 17:26 Importance of evaluating control risks and IT controls in audit procedures 19:13 Test of control is necessary even if no mistake is found. 22:40 Happiness is important for progress Crafted by Merlin AI.