Audit Letter Example - 856 Words

I am writing to apply for the position of VPSG 3.2 Auditor where I can further utilize my skills, strengths and experience. With regards to qualifications and experience, I am a Monash University (Clayton Campus) graduate with a Bachelor of Commerce (Accounting and Finance). I am a Certified Practising Accountant (CPA) qualified professional of CPA Australia. I am currently working as a VPSG 3.1 Auditor in VAGO, where I perform financial audit on the financial information of public sector entities. Previously, I have worked in Deloitte, KPMG and various contract positions. I have audited major private and public sector entities such as Department of Justice and Regulation (DJR), Victorian Commission for Gambling and Liquor Regulation†¦show more content†¦I have prioritized high risk and critical audit sections and have planned my audit in an organized and methodical manner. For example, I prioritized the audit of Related Parties disclosure and the client’s application of streamlined reporting in 2016/17 in accordance to the updated DTF reporting guidance while planning ahead for other audit sections based on the time allocated. By performing reviews on my working papers prior to submission, this has allowed me to assess and amend my working papers to ensure that all necessary information is present and has been thoroughly analyzed and concluded according to the audit procedures set. With this approach, I have completed my assigned audit tasks with quality in a timely manner. I then take accountability by addressing any feedbacks received from client and audit team. With the experience on hand, I am able to exercise my professional judgment to identify and report any emerging issues, risks and opportunities. For example, I identified that reliance on DJR’s payroll controls by smaller entities were not fully covered in DJR’s control testing. I have raised a note forward and make mention during the audit debrief to include smaller entities as part of the DJR’s testing population in 2017/18’s audit. I have promoted a culture of inquiry by sharing the knowledge I have acquired in my 6 years of auditing in various sectors and industries. I am open to embracingShow MoreRelatedBank Financial Audit Teams Need Financial And Security Files From All 58 Community Colleges Essay716 Words   |  3 Pagesand Overview Each year, OSA Financial Audit teams need financial and security files from all 58 Community Colleges (CC). Since the data files may be used in any engagement types (e.g. financial statement audits, federal compliance audits, information systems audits, performance audits, and investigations), files are requested regardless of whether or not OSA will be performing a financial statement audit for the current year. OSA Information Systems Audit (ISA) auditors request submission ofRead MoreStandards, Norms And Standards Of Auditing And The International Standard On Audit Quality1622 Words   |  7 Pageson Auditing (ISAs) and the International Standard on Audit Quality (ISQC). Question 1 Ethical Standards includes some audit fundamental principles and basic audit procedures for the auditors to follow in order to be objective and independent. ESs has eight parts, which cover the Glossary, ESRA, ES 1 to 5 and ES Provisions Available for Small Entities. Hereinto, ES 1 to 5 in detail introduce the integrity, objectivity and independence in the audit of financial statements (FRC, 2006). These guidelinesRead MoreBeginning the Audit Process1203 Words   |  5 PagesBeginning the Audit Report Peter Serunjoji ACC546 January 15, 2012 Arlette Peoples Beginning the Audit Report MEMORANDUM TO: Larry Lancaster, Chairman, President, and CEO of Apollo Shoes, Inc. FROM: Matrix Certified Public Accountants (MCPA) Inc., DATE: January 15 2012 SUBJECT: Beginning the Audit Report (Engagement letter, Engagement checklist, Outline of timeframes and milestones of the audit) Dear Mr. Lancaster, This letter is to confirm the understanding ofRead MoreAssignment 1 Essay1481 Words   |  6 Pages Florida 33140 October 30, 2015 Mr. Donald Phillips, President 36 Clearwater Lake Road Ocean City, Florida 33140 Dear Mr. Phillips: This letter is to confirm our understanding of the terms of our engagement as the auditors of Ocean view Marine Company for the year ended December 31, 2015. Services and Related Report As you have requested, we will audit the financial statements of Oceanview Marine Company, which comprise the balance sheet for December 31, 2015, and the related statements of incomeRead MoreBusiness-to-Business Messages1637 Words   |  7 Pagessignificance and characteristics of the messages and the behavior of parties involved in the process (Robbins, Judge, Sanghi, 2007). The most common forms of business-to-business messages include; appreciation letters, inquiry letters, acknowledgement letters, letters of recommendations, apology letters, contracts, purchase orders, delivery notices, etc. Each of these business messages has a separate communication process which is largely affected by the purpose, environment, technology, noise, and feedbackRead MoreBeginning the Audit Process1196 Words   |  5 PagesBeginning the Audit Report Peter Serunjoji ACC546 January 15, 2012 Arlette Peoples Beginning the Audit Report MEMORANDUM TO: Larry Lancaster, Chairman, President, and CEO of Apollo Shoes, Inc. FROM: Matrix Certified Public Accountants (MCPA) Inc., DATE: January 15 2012 SUBJECT: Beginning the Audit Report (Engagement letter, Engagement checklist, Outline of timeframes and milestones of the audit) Dear Mr. Lancaster, This letter is to confirm theRead MoreEssay on Notes on Apollo Shoes Audit Case765 Words   |  4 PagesNotes on Apollo Shoes Audit Case Task #1 (Overview/Intro) Go to the â€Å"Weekly Materials† folder and locate the â€Å"Apollo Shoes Files† folder, between the week 1 and week 2 folders. Under this menu you will find a file entitled Apollo Shoes Case Study.doc. This file gives you all of the details and evidence that you will need for the case. We will only be completing specified sections of this case as discussed below. Review the table of contents in the case document (page 4.) This will tell youRead MoreTypes Of Engagements Providing No Assurance, The Lowest Level Of The Spectrum Identified988 Words   |  4 Pagestypical service that provides negative assurance is an engagement for comfort letters. Comfort letters are typically provided to underwriters, lawyers, and similar parties in order to provide them with â€Å"comfort† for the events that have occurred since the last audit opinion. Basically, comfort letters are requested in order for the auditor to reaffirm their audit opinion for the subsequent period. Since comfort letters attest to the fact that nothing has come to the auditor’s attention, they areRead MoreThe Case of Easy Finance Limited against King Queen1078 Words   |  4 Pagesadditional audit work was necessary in regards to the valuation of some assets despite the fact that Impulse has been suffering liquidity problems with a fall in debtor and inventory turnove r. As well as EFL claims of Impulse’s failure is related to inadequate provision for doubtful debts and a fall in values of inventory on hand which was said to be evident at 30Th June 2012. This raises a possibility that King Queen may be liable for negligence. The Business Risk approach/ the audit risk approachRead MoreInternal Controls Of Leisure Holidays Limited1243 Words   |  5 PagesBoard of Directors, Baxter Group Bay of Islands Dear Brian and Valerie Baxter, Management Letter I have finished the review of the internal controls of Leisure Holidays Limited. This management letter describes internal control issues emerging from my audit findings that I consider suitable for review by management. The audit procedure prepared does not address all internal control. Accordingly, the audit procedures stated would not necessarily disclose all shortcomings in the internal control