1. Preliminary engagement activities
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1. Confirming that the pre-conditions for an audit are present
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2. Determining whether the auditor wishes to establish a new engagement with the client or continue an existing relationship
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3. Evaluating whether a legal vacancy exists or not
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4. Evaluating skills, competence and resources
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5. Evaluating the integrity of management
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6. Evaluating ethical considerations
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7. Formalizing the terms of the engagement
2. Audit strategy
3. Audit planning
4. Risk assessment
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1. Important definitions relating to risk assessment
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2. Risk Assessment Procedures and Related Activities
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3. Obtaining an Understanding of the Entity and Its Environment, the Applicable Financial Reporting Framework and the Entity’s System of Internal Control
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4. Identifying and Assessing Risks of Material Misstatement at the Financial Statement Level
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5. Assessing the risk of material misstatement at the assertion level
5. Internal control
Classes
6. Evaluating, concluding and reporting
ISA summaries
