Auditing 精简版 Flashcards by AYW Liu

Q

Definitions (US)

A

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Q

Assurance

A

Assurance Services

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Q

Assurance Services

A

Attestation

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Q

Audit

A

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Q

Review

A

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Q

Agreed-upon Procedures

A

Compilation

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Q

Steps to Develop Audit Objectives

A

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Q

Link the 6
general transaction-related audit objectives to management assertions for classes of transactions.

A

Hillsburg Hardware Co.

(Applied to Sales Transactions)

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Q

Link the 8
general balance-related audit objectives to management assertions for account balances.

A

Hillsburg Hardware Co.

(Applied to Inventory)

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Q

Diagram of an Audit

A

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Q

Audit Risk

A

Risk Relationship

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Q

Risk - content

A

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Q

Planning an Audit and Designing an Audit Approach

A

Key Parts of Planning

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Q

Client’s Business, Risk, and Risk of Material Misstatement

A

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Q

Factors Affecting Inherent Risk

A

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Q

Internal Control System (ICS)

A

Management and Auditor Responsibilities Related to Internal Control

Q

Absence of internal control

A

Evaluating Significant Control Deficiencies
Identify Deficiencies and Weakness

Q

Assess Control Risk

A

Control Risk Matrix

Q

Set Preliminary Judgment About Materiality

A

Factors Affecting Judgment

Q

Guidelines

A

Audit Program

Q

Persuasiveness of Evidence

A

Types of Audit Evidence

Q

Audit Procedures

A

Combination of audit procedures

Q

Process for Understanding Internal Control and Assessing Control Risk

A

Categories of Audit Reports

Q

Case studies continued

A

Case studies continued

Case studies continued

INTERNAL CONTROL TRANSACTION STREAM PAYROLL

AUDIT PROCEDURES Please specify the mix of audit procedures you would plan in order to get sufficient appropriate audit evidence. * TOC = Test of control * SToT = Substantive test of transaction * AP = Analytic procedure * TDB = Test of detailed balances Please explain your solution.