This video lecture is part of the course Auditing and Assurance Principles 2021. This video lecture is ASR-03 Risk-Based Audit Objectives and Responsibilities (Part 1 of 7). This part includes the following chapters:

00:00 Introduction
01:29 – Overall objective of the independent auditor
05:22 – Theoretical framework of FS audits
09:21 The annual financial statements and management responsibility
09:30 – What does a complete annual financial statement include?
10:19 – Responsibilities of management and TCWG

References:
*Auditing and Assurance Principles by Jose M. Ireneo et. al (2018 edition)
*Auditing and Assurance Services an Integrated Approach by Arens, Elder and Beasley (15th edition)
*Auditing and Assurance Standards Council (AASC) announcements http://www.aasc.org.ph/

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