Block 1 - Auditor and Fraud Flashcards

1
Q

Management responsibilities

A
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2
Q

Auditor responsbilities

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3
Q

Earnings management

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4
Q

Window dressing

A
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5
Q

Massaging the figures

A
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6
Q

Fraudulent financial reporting

A
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7
Q

Creative accounting

A
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8
Q

Management bias

A
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9
Q

Reward/bonus

A
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10
Q

Deliberate misstatement

A
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11
Q

Deliberate omission

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12
Q

Transaction

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13
Q

Disclosure

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14
Q

Accounting records

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15
Q

Intentional breach of accounting standards

A
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16
Q

Incentive/pressure/opportunity

A
17
Q

Target

A
18
Q

Quarter

A
19
Q

Stock market expectations

A
20
Q

Board of directors

A
21
Q

Economic recession

A
22
Q

Revenue

A
23
Q

Estimates (e.g. provisions)

A
24
Q

Trickle down effect

A
25
Q

Primary responsibility

A
26
Q

Effective internal controls

A
27
Q

Deterrence

A
28
Q

Professional scepticism

A
29
Q

Auditor limitations

A
30
Q

Planning meeting

A
31
Q

Applicable accounting standards

A
32
Q

TCWG Communication

A
33
Q

Audit report implications

A
34
Q

Unresolved misstatement

A
35
Q

National reporting requirement

A