Block 1 - Auditor and Fraud Flashcards
1
Q
Management responsibilities
A
2
Q
Auditor responsbilities
A
3
Q
Earnings management
A
4
Q
Window dressing
A
5
Q
Massaging the figures
A
6
Q
Fraudulent financial reporting
A
7
Q
Creative accounting
A
8
Q
Management bias
A
9
Q
Reward/bonus
A
10
Q
Deliberate misstatement
A
11
Q
Deliberate omission
A
12
Q
Transaction
A
13
Q
Disclosure
A
14
Q
Accounting records
A
15
Q
Intentional breach of accounting standards
A
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
Primary responsibility
26
Effective internal controls
27
Deterrence
28
Professional scepticism
29
Auditor limitations
30
Planning meeting
31
Applicable accounting standards
32
TCWG Communication
33
Audit report implications
34
Unresolved misstatement
35
National reporting requirement
