How To Read Audit Report

Key skill required for every Banker / Investor / Owner, Credit & Financial Analysts

What you'll learn
How to Read Audit Report
Requirements
No prerequisites
Description
Are you an Entrepreneur and finding it difficult to understand the nuances of technicalities reported in Audit Report?Are you an Investor planning to invest in stocks of a company?Are you a Lender, analysing the financials of the borrower to take a lending decision?Are you an analyst, analysing financials and audit reports of various business entities?Then, this course is for you - How to Read Audit ReportWhen business grows in size, it will attract various stake holders. Each and every stake holder will be interested in understanding how the business is performing in financial terms. Management will be communicating the performance of business through Financial Statements and Annual reports to the stake holders. However, in order to develop the trust and meet statutory compliances, the Financial Statements also have to be audited by Auditors (Chartered Accountants). Auditors will be carrying out independent examination of Financial Statements and they will give their opinion, whether Financial Statements gives True & Fair View about state of affairs and profit & loss of business. This opinion will be given through their report, known as Audit Report. There are various technicalities inherent in Audit Report. As a reader of Audit report, you should know what all those technicalities mean and what kind of impact it can have on the Financial Decisions. This is a self paced learning course. Please use your headset for effective listening.See you inside the course!

Overview

Section 1: Introduction to Audit

Lecture 1 Introduction

Lecture 2 What is Audit?

Lecture 3 Benefits of Audit - Part 1

Lecture 4 Benefits of Audit - Part 2

Lecture 5 Aspects of Audit - Part 1

Lecture 6 Aspects of Audit - Part 2

Section 2: Audit Report

Lecture 7 What is Audit Report?

Lecture 8 Title & Addressee in Audit Report

Lecture 9 Opinion

Lecture 10 Basis for Opinion & Going Concern

Lecture 11 Key Audit Matters

Lecture 12 Responsibilities for Financial Statements

Lecture 13 Auditors Responsibilities for the Audit of Financial Statements

Lecture 14 Location of description of Auditors Responsibilities

Lecture 15 Other Reporting Responsibilities

Lecture 16 Signature of Auditor, Location & Date of Audit Report

Lecture 17 Part 1 - Lets familiarize with Audit Report Format

Lecture 18 Part 2 - Lets familiarize with Audit Report Format

Lecture 19 Part 3 - Lets familiarize with Audit Report Format

Lecture 20 Part 4 - Auditors Responsibilities for Audit of Financial Statements

Lecture 21 Part 5 - Appendix to Auditors Responsibilities section

Lecture 22 Part 6 - Other matters in Audit Report

Lecture 23 Part 7 - Report on Other Legal and Regulatory Requirements

Lecture 24 Modifications in Audit Opinion

Lecture 25 Which modified opinion is appropriate?

Section 3: Last Section

Lecture 26 Bonus Lecture

Entrepreneurs,Finance Managers,Banking Executives,Credit Analysts,Finance Analysts,Stock Market Investors