The Audit Process

This video provides a brief overview of the five stages of the audit process, which are:
1. Client acceptance (or continuance)
2. Audit planning
3. Risk assessment
4. Substantive procedures
5. Issuing a report (the audit opinion)-
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
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[@sinethembasithebe3389]

I am committed to this channel, I literally tell my classmates to Espira everything. You have been an absolute blessing to the Accounting community.

[@tanyasibiya9535]

Omg! I'm Sooo glad I stumbled upon your videos. Doing my second year, been struggling with understanding Auditing. Thank you so much for your videos. I'm sure they've helped millions of people. God bless

[@siobhan.margarette]

This video made me understand the audit process better. Appreciate it very much!

[@abdifatahali4733]

I genuinely Just want to comment and I say thank you so much for-these videoss. Espira has been so helpful throughout my entire college journey as an accounting student. The way he explains these concepts makes it very interesting to me idk why and very easy to understand.

[@maridethdiaz6568]

Thank you sir you made it simple for me to understand auditing is my weakness. Thank God!

[@fahadhussain66]

0:30 accounting is a hugely growing field especially in Ireland, thanks for your service. I use your videos to prepare for my interviews in Dublin.

[@MauricioArevalo]

these videos are so useful. you've helped me get by several accounting classes. thanks!

[@DavidLevinePiano]

What a fantastic review! Thank you!!!!

[@rynknez]

Wow! Excellent and concise. Started interning at EY this Monday and needed some review. Thank you so very much 🙂

[@Instagramlivesdrama]

How was the experience at ey ?

[@floydjambu]

@@Instagramlivesdrama dude might be so busy and uninstalled phone apps

[@keitusalagae2767]

Lol, it's great at EY

[@ahmedalsayari1722]

I am so grateful, thank you, i wish i new your channel in college. The books always complicate things.

[@altheaconchada4899]

Thank you for this vidlecs. It helps me to understand more about audit process.

[@MichaelOwensJR.]

Thank you for this.

[@Karina00K]

This helps soo much, thank you!!!

[@xinhaoyan5053]

Explains much better than my prof.

[@RK-ln6kg]

Thank you for this 🙏

[@hearty426]

Thank you for this Video. It helps me to further understand the audit process.

[@Edspira]

Glad to hear it Missy!

[@jhonandrewbautista4644]

Tysm for this short yet informative video 🤍

[@Edspira]

My pleasure 😊

[@lebone_bulbul]

Thank you 🙏🏾 ❤

[@amarchhetri2861]

Your information is really useful, presenting the same information on pp would have been great.

[@dahanafdz9996]

ughh thank you so much, you made my homework easier!

[@Edspira]

Happy to help!

[@hashemeshanouq7351]

Brilliant presentation

[@Edspira]

Thank you!

[@juanvictorfernandez3748]

Thank you! Keep uploading

[@NeerajArora]

In my opinion risk assessment is done before planning

[@phd-prospect7294]

it is actually, within the planning phase

[@zszsdzxkjvnzkjlnvlzkjcnj]

@@phd-prospect7294 good point

[@limamathew2113]

Risk assessment is an iterative process

[@chrisalmighty]

@@limamathew2113 you're spot-on. Risk assessment is an iterative process and continues through out the audit.

[@saitamasan9495]

That's why I took classes from you sir

[@cristinamari082013]

Wow thanks you made me understand it!! 😃

[@Edspira]

Awesome!

[@ahdzahraoui5374]

I love this! Thank you.

[@Kaybye555]

I'm about to interpret for an audit soon. Are there any specific challenging terms or discussions you can recommend I prepare for?

[@vio1583]

Great !

[@shaistahsayedally9364]

Please upload the materiality video. Your videos are very helpful!

[@alfredgijima4710]

thanks

[@fatihaboukhalfi6032]

What is the différent between review and audit?

[@user-sm4sf4ff2i]

Cheer~~~~an official inspection of an individual's or organization's accounts, typically by an independent body.

[@igorm8706]

can't find the video on materiality thresholds

[@MyFinancialFocus]

Checks and balances :)

[@nobuddyrich.5392]

How can I audit the CDC ,FDA , NIH ?

[@bisamsapkota5801]

mm nice, got it

[@abgzulkifli]

From the bottom of my heart, please don't play...we must taking into account

[@Best-ew9br]

التدقيق المحاسبي الداخلي والخارجي طريق للثروه. سبحان الله وبحمده

[@TimDaBarber1]

Maybe I'm asking the wrong question. I just want to know how you find out the numbers when you look at a company's books. I haven't heard any numbers. I only heard if I want don't want and who i got to ask. And the video is over lol. The tv show..THE PROFIT. HOW DOES HE CRUNCH THE NUMBERS is what I want to know. That's it. I don't know what I was just listening to.

[@lewysthomas5785]

Anyone know where the video about materiality is at>?

[@phd-prospect7294]

nah yet

[@Best-ew9br]

Key to be rich learning aat accounting then audinting cpa certificate then work with kpmg company. I advise taking training in bapco bahrain or banagaz Work with kpmg company

[@thomass1891]

KMPG? why so specific LOL.

[@JZEpic]

I wanna ask does auditing pay well

[@Edspira]

Depends on the city & firm. An entry-level auditor at a Big 4 firm in the U.S. might expect to make at least $50k - $60k as a starting salary.

[@hamzabinahmed2094]

@@Edspira per year?

[@lykaxyz]

just a little suggestion, please increase the volume just a little ^^ thanks

[@sidshakya5557]

22 April 2024

[@abgzulkifli]

Waited until what, you never can count it right...you have no right to make me waited for so long, no right, don't waited

[@roughcollies1811]

Scientology brought me here. Is this what they believe?!

[@zszsdzxkjvnzkjlnvlzkjcnj]

wrong video for you

[@antonioromero878]

Don't listen to Andrej, auditing is our Bible.

[@savinshaji456]