Iโm so delusional about my luck. When two or three are gathered talking about how something never works, thereโs always a voice in my head saying my case will be different
Space will be made for me, you donโt worry yourself
One of the things that make me really happy and joyful these days is that many of the friends, acquaintances, and colleagues from childhood/school are doing well in life.
Some are even married with children, yoooo, it so soothing and satisfying when I see their children ๐คญ๐
It is not Lagos that is causing that struggle most times. You probably have family issues, debts, addictions, lack of financial disciplineโฆ Letโs stop blaming Lagos for our financial problems. Itโs mostly a โyouโ problem and not a โLagosโ problem
If you didn't document your work, it is safe to assume you didn't do any work at all
As an Auditor, dey show workings.
e get why.
Today, let's talk about ISA 230
Imagine this.
You are a first-year audit intern working on your very first client. Your audit senior asks, "have you verified the bank balance", and you say "yes, I checked yesterday"
You would have thought the conversation ends there. Until he asks you for the working paper, and you become totally confused and say "but I have checked it"
IN AUDITING, WE DON'T AUDIT FROM MEMORY
This should be one of the most important lessons of your audit career
EVIDENCE WITHOUT DOCUMENTATION IS ALMOST THE SAME AS NO EVIDENCE AT ALL
You will explain tire!!!!!!
ISA 230 is the auditing standard that tells auditors:
- what to document;
- when to document;
- how to document;
- why documentation is essential.
Audit Documentation is the written or electronic record of the audit work performed, the evidence obtained and the conclusions reached.
Audit Documentation is also known as:
- Working papers
- Audit files
- Audit evidence records
The objective of ISA 230 is to prepare documentation that provides:
1) sufficient and appropriate evidence that the audit complied with ISAs and applicable legal requirements; and
2) a record that enables an experienced auditor, having no previous connection with the audit, to understand
- the nature of the work performed,
- when it is performed,
- who performed it,
- who reviewed it,
- the evidence obtained, and
- the conclusions reached.
Why is Audit Documentation important?
- Supports the Audit Opinion
- Helps Supervision and Review
- Helps future audits.
- Protects the auditor
What should be documented?
ISA 230 does not require every conversation to be documented but significant matters and contentious matters and how they were resolved is expected to be documented. For example, audit planning, risk assessment, audit procedures performed, audit evidence obtained, conclusions reached, significant discussions, significant judgements, consultations with experts, identified misstatements, and how unusual issues were resolved.
What should every working paper show?
- Client's name
- the accounting period
- the audit area
- the objective of the test
- the work performed
- the evidence obtained
- the conclusion reached
- who prepared it
- that date it was prepared
- who reviewed it
- the date it was reviewed.
Donโt Give Up on Your Scholarship Journey. One โYesโ Can Change Everything. โค๏ธ
Let me take you back to 2019. ๐
I had just completed my NYSC in March and returned home.
My daily routine was simple: teaching Mathematics and Physics at my familyโs secondary school, and on some weekends, heading to the farm to help process our palm fruits. ๐ด
I was partly happy because I genuinely loved teaching. But deep down, I was heartbroken.
Every scholarship application I submitted during my NYSC came back with a rejection. One after another. ๐๐ ๐ฝโโ๏ธ
I remember asking myself:
โIs this how my First Class degree will end? Is teaching all Iโll ever do?โ
I felt lost. I had no clear direction, and it seemed like every door I knocked on remained closed.
But I refused to give up.
Towards the end of 2019, a family friend whoโs a priest visited us and said his son told him education was free in Finland ๐ซ๐ฎ. That night, I googled all schools in Finland, checked each school one after the other and thatโs how I learned about Photonics. I met the requirements for the scholarship at UEF. I searched across European schools offering it, saw a school in Germany, strengthened my applications, and applied to those two schools.
Then, in March 2020, everything changed.
Two admission offers arrived almost at the same time:
๐ฉ๐ช Abbe School of Photonics, Germany
๐ซ๐ฎ University of Eastern Finland
Both offered me the opportunity to study Photonics with some funding.
That single moment completely changed the trajectory of my life.
Today, when people see the countries Iโve lived in, my career, or the opportunities Iโve had, they rarely see the rejections that came before them.
If youโre currently facing rejection after rejection, please donโt conclude that your story has ended.
Keep learning. Keep improving. Keep applying. Keep believing.
Sometimes, all it takes is one โYesโ to rewrite your entire future. โค๏ธ๐
(Help reshare to reach wider audience ๐คฒ)