Topic 5 - Understanding internal controls

[@gracetang335]

Amanda , you are gifted in teaching and presentation! Thanks for the videos.

[@simahad116]

Thank you Amanda... Im a new student... I love all the videos and it really help me a lot🌻🌻

[@rahmatullah.nizami5534]

Many thanks for such a great presentation. God-Bless you.

[@mustafa7amin7]

Hi Amanda, Thank you very much great videos. Can you please make separate video on difference between General Control vs Application Control? Please

[@amandalovestoaudit]

I’ve got a plan to try and make an animation for this one 😊

[@eyempty]

Are policies internal controls? How are they different from financial reliability of an entity? Thanks ever. You tease it all.

[@pd8506]

At 10:40 the slides note that one of the objectives of internal control is to ensure that totals in transaction file are posted to the GL and sub ledgers and that the assertion tested is accuracy, valuation and allocation and classification. Could this also include completeness?

[@amandalovestoaudit]

Hi Peter - it doesn’t help us identify any unrecorded transactions - so a little bit of completeness in terms of sub-ledger to GL, but not a super strong test for completeness.

[@riadboumehra4071]

Thank you Amanda, we love you

[@amandalovestoaudit]

Thank you - and be sure to check out my newer 2020 lectures (these are the 2016 ones)

[@jacksonmehlape6144]

Thanks Amanda for giving the breakdown of internal controls and the real world experiences which came with them!

[@tunisianintheunitedkingdom9296]

Hi Amanda, First, I'd like to thank you for sharing, I like the way you explain. I have a question please, which video(s) may help me to understand the Evaluation and testing of the systems of internal control. Thank you so much indeed. Regards

[@amandalovestoaudit]

Hi Amin! Try the videos at this point in my study guide amandalovestoaudit.com/learning-resources/audit-study-guide/gathering-audit-evidence/

[@tunisianintheunitedkingdom9296]

@@amandalovestoaudit Thank you so much for your answer. Wish you all the best. Regards.

[@hardeshmanhas4102]

Is it US audit?

[@amandalovestoaudit]

Audit principles are the same world over ☺️

[@manyanoondala4783]

This is Auditing made real and simple.

[@ntcuong01ct1]

Hello friends, I want to set up internal control for the S&OP process. Would you please share your experiences to help ?. Thank you.

[@amandalovestoaudit]

Hi - you probably want to try this video. Setting up internal controls is very particular to the company and process - so an overall framework of how to do it works best 4 steps to design INTERNAL CONTROLS kzbin.info/www/bejne/kJu8hn2Ortxqr9E

[@marishmarish2716]

this is actually a great video

[@ibraheemaro8643]

Quality production

[@nokwabelwansele9584]

Hy, thank you so much with your videos they help me alot. I want to know how can I find the video that talk about different cycles with their weakness and recommendations,audit procedures

[@amandalovestoaudit]

Hi - I don’t have anything about specific cycles at this point ☺️

[@ntcuong01ct1]

Question: Is there a procedure that controls whether the Administrator who manages the ERP software has the right to view confidential company information?

[@amandalovestoaudit]

Hi - this would likely be a security setting somewhere that you'd need to check - but it has been 25 years since I've done SAP security control audits

[@dhbrandi]

thank you for helping me understand

[@piaschifamba12]

hi Amanda, can u kindly share your notes

[@amandalovestoaudit]

I wasn't sure if they would still be on the internet - but you can find them here on this very old blog! amandalovestoaudit.blogspot.com

[@conylee3381]

thank you so much to upload such a great video. your lecture really helps me to understanding. :)

[@neetsi1]

Can you post the powerpoint presentation slides?

[@amandalovestoaudit]

A set of slides and associated videos from 2016 is available here amandalovestoaudit.blogspot.com/2016/04/lecture-slides-to-accompany-lecture.html

[@mountaingoat889]

fantastic coffee shop store

[@amandalovestoaudit]

Thanks - it certainly was a unique set up

[@mountaingoat889]

@@amandalovestoaudit Thanks for the solid content. I am taking an audit course on UNSW this term. It's refreshing to look at a business from an auditor's perspective. kinda like being a detective without an overcoat and the hat!

[@bosschinburi3215]

Please come to ANU

[@issadiallo6105]

AmandaLoveToAudit: hey . how about considering making French versions of your so useful videos?