The Process of Valuing Equity## **Valuation: Relative vs. Intrinsic**
**Relative valuation** is an approach where an asset’s pri...
Lessons
- Introduction to Auditing
- Players in the Audit Industry
- Generally Accepted Auditing Standards (GAAS) - Overview
- Auditing Ethics and Rules of Professional Conduct
- Understanding the Independent Auditors' Report
- Auditor's Report with Reservations
- The Auditing Process
- Auditing: Management Assertions
- The Audit Evidence
- Audit Risk Models
- Auditing: Assessing Inherent Risk
- Auditing: The Concept of Materiality
- Auditing: Client Risk Profile
- How Auditors Document Their Work?
- Internal Controls in a Company
- COSO - Integrated Internal Control Framework
- Assessing Control Risk
- Testing Internal Controls
- Auditing Issues in Small Businesses
- Auditing Planning Approach
- Audit Programs
- Auditing the Sales Cycle
- Substantive Audit Procedures
The Auditing Process
This lecture provides a high level overview of the audit process and provides you a feel of what an audit process is and how it is conducted. There are four broad steps: Acceptance Continuance, Planning, Execution (Risk Response), and Reporting.
There are two key things here. The management prepares the financial statements, and the auditors are responsible for their opinion, which is based on the evaluation of the audit evidence they gather.
You may find these interesting
Portfolio Management Process## The Portfolio Perspective
In studying the [mean-variance analytical](https://financetrain.com/me...
Introduction to AuditingThis course teaches you how to conduct financial statement auditing. In this first lecture it provid...
Players in the Audit IndustryThis lecture discusses the different players in the audit industry. It discusses about the public co...
Generally Accepted Auditing Standards (GAAS) - Ove...### Introduction
There are a number of accounting guidelines and standards known as the Generally A...
Auditing Ethics and Rules of Professional ConductThis lecture discusses auditing ethics and some of the common rules of professional conduct for publ...
The Auditing ProcessThis lecture provides a high level overview of the audit process and provides you a feel of what an ...
Auditing: Management AssertionsThis video discusses the various assertions made by the management in preparing the financial statem...
The Audit EvidenceIn this lecture we will differentiate between the various types of audit evidence. Audit evidence is...
Audit Risk ModelsIn this lecture you will learn about what determines the extent of audit work performed. You will le...
Finance Train Premium
Accelerate your finance career with cutting-edge data skills.
Join Finance Train Premium for unlimited access to a growing library of ebooks, projects and code examples covering financial modeling, data analysis, data science, machine learning, algorithmic trading strategies, and more applied to real-world finance scenarios.
I WANT TO JOINJOIN 30,000 DATA PROFESSIONALS
Free Guides - Getting Started with R and Python
Enter your name and email address below and we will email you the guides for R programming and Python.