Auditing Process

· Reflecting on your current or past employer, discuss the role of the auditor in the auditing process. Do not disclose the name of the organization. 

· Reflecting on your current or past employer discuss the role of the audit planning process, including how auditors assess risk. Do not disclose the name of the organization.

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· Discuss the components of consolidated financial statement. What is the purpose of consolidated financial statements? Provide an example. 

· Discuss fixed assets and cost determination in financial statements. Provide examples of fixed assets.

· Discuss the criteria for calculating capital changes. Provide a specific example. 

· Discuss how debt restructuring, settlement, or modification works.

· Discuss the journal entries for debtor and creditor. 

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