AUD - Final Review Flashcards
Advocacy Threat
The threat that a member will promote the interests of the client or their employer to the point that his or her objectivity or independence is compromised
Undue Influence Threat
The threat that a member will throw away their judgment to an individual due to their reputation, expertise or aggressive personality
Embedded Audit Modules
An application program collects transaction data for the auditor. The auditor must be involved with the program design
Test Data
Uses application program to process test data, the results of which are already known (client system, offline)
Integrated Test Facility
Test data is commingled with live data (client system, auditors data, online)
Parallel Simulation
The auditor reprocesses some or all of the clients live data and compares the results with client files (auditors system, client data)