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Applying the New Canadian Audit Standards to
Audits of Small EntitiesAgenda
Topics that will be addressed include:
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5. Understanding the intent of Class
Tailoring your audit approach to
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How to fill out auditing standard no 13

How to fill out auditing standard no 13
01
To fill out auditing standard no 13, follow these steps:
02
Read and understand the purpose and requirements of auditing standard no 13.
03
Gather all relevant documentation and information related to the audit in question.
04
Review the audit objectives and criteria specified in auditing standard no 13.
05
Evaluate the adequacy and effectiveness of internal controls related to the audit.
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Apply appropriate auditing procedures to gather sufficient and appropriate audit evidence.
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Document the findings and conclusions of the audit.
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Prepare an audit report summarizing the audit process, findings, and recommendations.
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Communicate the audit report to appropriate stakeholders as required.
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Follow up on any identified deficiencies or issues to ensure proper resolution.
Who needs auditing standard no 13?
01
Auditing standard no 13 is needed by various entities and individuals involved in the auditing process such as:
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- External auditors who perform audits on financial statements.
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- Audit committees responsible for overseeing the audit activities.
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- Regulators and government agencies ensuring compliance with auditing standards.
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- Organizations and businesses wanting to establish a robust auditing framework.
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What is auditing standard no 13?
Auditing standard no 13 is a set of guidelines and procedures that auditors must follow when conducting audits.
Who is required to file auditing standard no 13?
Auditors and auditing firms are required to file auditing standard no 13.
How to fill out auditing standard no 13?
Auditors must carefully review the requirements outlined in the standard and ensure that all necessary information is accurately reported.
What is the purpose of auditing standard no 13?
The purpose of auditing standard no 13 is to ensure that audits are conducted in a consistent and thorough manner, providing reliable and accurate information.
What information must be reported on auditing standard no 13?
Information such as financial statements, audit findings, and recommendations must be reported on auditing standard no 13.
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