Auditing 精简版 Flashcards
Definitions (US)
Assurance
Assurance Services
Assurance Services
Attestation
Audit
Review
Agreed-upon Procedures
Compilation
Steps to Develop Audit Objectives
Link the 6
general transaction-related audit objectives to management assertions for classes of transactions.
Hillsburg Hardware Co.
(Applied to Sales Transactions)
Link the 8
general balance-related audit objectives to management assertions for account balances.
Hillsburg Hardware Co.
(Applied to Inventory)
Diagram of an Audit
Audit Risk
Risk Relationship
- Risk - content
Planning an Audit and Designing an Audit Approach
Key Parts of Planning
Client’s Business, Risk, and Risk of Material Misstatement
Factors Affecting Inherent Risk
Internal Control System (ICS)
Management and Auditor Responsibilities Related to Internal Control
Absence of internal control
- Evaluating Significant Control Deficiencies
- Identify Deficiencies and Weakness
Assess Control Risk
Control Risk Matrix
Set Preliminary Judgment About Materiality
Factors Affecting Judgment
Guidelines
Audit Program
Persuasiveness of Evidence
Types of Audit Evidence
Audit Procedures
Combination of audit procedures
Process for Understanding Internal Control and Assessing Control Risk
Categories of Audit Reports
Case studies continued
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.
