Hi Amanda. Just a few days ago I've got Grade A, 88 marks in IT Auditing module and would like to thank you for effective, efficient and relevant videos . You are the best!
I am watching from Zambia. I'm now working for a finance company as Internal Auditor. Your easy to understand explanation helped me to score 76% in my 2018 Auditing professional exam. Congratulations on your award .
Amanda, what you are defining is what we in Quality Management refer to as the Plan Do Check Act (PDCA) Process, where the internal control could be part of the Do function and the monitor part of the check function. What is missing from you definition of process internal control is the Act function relative to Checking or Monitoring the process and its relative controls This missing bit is extremely important as it completes the cycle of PDCA, and results in Continual Improvement of the process. I see this quite a lot where controls are implemented and monitored, however. failure or concern of failure discovered from monitoring and measurement, is not necessarily identified as a required action as it would be in the PDCA cycle. ..... This does not mean there needs to be action taken for every single hiccup in the process, however monitoring results should always rise to the level of reporting, where management can determine if there is reasonable need to act. Thanks TJ
You explain every concept like crystal clear and i really appreciate the efforts and untiring efforts for the people around and much respect for the auditing and auditing aspirants. Love and respect from Pakistan!
Thanks Amanda. :) Using this and some of your other videos in our classroom. Thanks so much for sharing your knowledge. You are such an awesome person and fabulous lecturer.
Good afernoon Dr. Whte, congratulatios on your reward. I am really glad you are a partof the overall accounting profession, which includes the ever-important auditing (in the USA). I am watching your videos as partof my additional resources for studying auditing. Thank you for posting the videos.
Your videos are very useful and provide lots of information. I have received lots of help after watching this post, please continue to share this kind of information. Thank you.
You can add Congo Kinshasa on that list dear! We normally speak french down here but watching your videos made me glad I learnt English. You make it all so easy
Happy too listen to you ans to meet you I'm ''Kamal'' from Algérie... I'm in Audit since 90's.... But liké to improve m'y skills in English becquée I study ans work in french...
Happy to read from you Amanda... I am also fluent in arabic and my native language Berber... I really apppreciate what you do on your youtube channel...
Hi Amanda, Your video is very interesting. Would you make a video to explain a. Internal Control Design Test b. Internal Control In-Effect Test c. Internal Control Effectiveness Test I believe this ties down with PCAOB paragraph 20 of Auditing Standard No. 12. What I understand is a. Performs certain procedures to obtain evidence of the internal control design effectiveness. b. In-Effect test means that the internal control is actually being used by the organization. c. Effectiveness Test means that the internal control is successfully producing the desired result. Not sure if I understand correctly and if so would like to have a better understanding. Thank you, I really appreciate it.
Dr Amanda THANK YOU for the time and effort you put into preparing and editing these videos. They are super useful as I can improve both my English and auditing skills :) Greetings from Italy!!
Thank you Amanda! This is explained so brilliantly. Would you agree that preventive and detective controls are not mutually exclusive in certain cases. They may work hand in hand. For the first risk example where you referenced preventive being the desired control, the security camera example looks to me more like a detective control than preventive. I am curious to hear your thoughts. And of course this will depend on how the security camera is managed
@@amandalovestoaudit Thanks I am also from Russia, I am a small business owner, what you are explaining is gold, I got my hair went grey because people here tend to steal a lot at the workplace. I know some companies went bankcrupt due to the internal enternal employee frauds and thefts.
Hey Amanda. May you please make a video about Public Sector Auditing? Especially its application to legislation such as PFMA , Companies Act and National Treasury
I detect at customer officer at the bank that reading the system that some of my money in my ATM is something wrong. Let us say that my money is missing. Then I complain after 14 days they do not give the satiesfied answer. Then I try to go to the next step watching at CCTV. What should I do as an auditor
Hello friends, Thanks for your suggestions for 1 case: 1 / A large company has 4 factories 50km apart. The company has issued a regulation: For the delivery note delivered to the customer, there must be 3 signatures, including: The warehouse keeper, the plant director, the general director of the company. In the near future, if this company will apply ERP, can this process be improved on ERP? The output frequency is 300 coupons / week. Note: The CEO is very busy so he has very little time to sign. Thank you.
