Auditing basics

In this section we’ll look into the basic terminology you might encounter when studying audit.

What is an audit? ISA/ASA200 covers the basics

Basic terminology – what is assurance? Reasonable vs limited assurance? Agreed upon engagements?

We want to make audits that are high quality (otherwise there isn’t much point in doing it if it isn’t reliable!) – but what does audit quality actually mean? In this video I interview one of the world’s experts – Professor Roger Simnett