In this comprehensive video, we break down the complexities of auditing and make it easy to understand. We explore what an audit is, why it's crucial, and its various types and objectives. We'll delve into the differences between internal and external audits and take you on a walkthrough of the audit processes.

Discover how auditing promotes transparency, identifies risks, ensures compliance, and guarantees the accuracy of financial information. Learn about the fundamental principles of professional ethics and the safeguards in place to maintain them.

Explore the key differences between external and internal audits, from their purposes to their reporting lines. Understand the scope of work and regulatory requirements for each type of audit.

Join us as we dive deep into the audit process. From accepting the engagement to issuing the audit report, you'll gain insights into the meticulous steps involved in external audits. We'll also provide you with a glimpse into the internal audit process, focusing on engagement, execution, communication, and reporting to the board.

Discover how professional skepticism and adherence to the code of ethics are paramount in auditing. Learn about audit evidence, sampling techniques, and the importance of working papers in maintaining audit quality.

This video is your one-stop resource for mastering the art of auditing. Whether you're a student, a professional, or simply curious, we invite you to explore the world of audits with us. Don't miss this opportunity to enhance your knowledge and understanding of auditing practices. Join us on this educational journey today!

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Video Chapters:
00:00 Introduction
02:00 why is audit important?
05:05 what is External Audit?
06:50 what is Internal Audit?
08:27 key diferences
12:33 External Audit process
15:20 Audit Assertions
22:02 Audit procedures
28:00 Internal Audit process
31:54 other important topics related to Audit
40:40 I love Audit
41:37 Thank You

Credits:
Slides by www.slidesgo.com
background music by www.pixabay.com

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