PSA PPT by Sir Jekell
PSA PPT by Sir Jekell
PSA PPT by Sir Jekell
Financial Statements
Philippine Standard on
Review Engagements
2400
Objective of a Review of
Financial Statements
Philippine Standard on
Related Services 4400
Objective
Philippine Standard on
Related Services 4410
Objective of a Compilation of
Financial Statements
Philippine Standard on
Auditing 210
Purpose
Consider
Reasonableness of basis for requesting a change
Legal or contractual implications of the change.
Philippine Standard on
Auditing 510
Purpose
Philippine Standard on
Auditing 520
Purpose
Consideration of relationships
– Between financial information and non-financial information
– Among elements of financial information
Steps in Applying
Analytical Procedures
1. Predictability of information
3. Risks involved
Investigating Unusual Items
Inquiries of Management
Philippine Standard on
Auditing 530
Purpose
Audit Sampling
Audit Sampling- Defined
Tolerable error
Expected error
Systematic selection
Haphazard selection
Block selection
Sampling Approaches
Statistical
Non-statistical
USING THE WORK OF
ANOTHER AUDITOR
Philippine Standard on
Auditing 600
Definition
Philippine Standard on
Auditing 610
Purpose
Philippine Standard on
Auditing 620
Purpose
Philippine Standard on
Auditing 220
Purpose
– appropriate capabilities
– competence and
– time
Engagement Performance