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Hello sir,
Actually,I seldom understood the the sequence of video lectures.
Sir, why is this order relevant?
P&R assessment :1
Audit evidence. :1
Internal Control.
Audit evidence :2
P&R assessment :2Am I supposed to watch sequentially, or Part 1 then 2
AE (I) for example is introducing you to the concepts (of audit evidence and sampling) – but then if you look at the “timeline” on page 53 – the auditor would focus on controls in an interim audit – and balances in a final audit (AE(II))
The topics of P&R 2 are quite discrete from P&R 1 – so could be covered earlier. However, I prefer to cover fraud later rather than earlier – if introduced too soon there is a risk that students think that audit is “all about fraud” – it’s not – it’s about misstatement – most of which will arise from error rather than fraud.
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