Block 1 - Laws And Regulations Flashcards
1
Q
Split responsbilities
A
2
Q
Running company throughout entire eyear
A
3
Q
Deterrence/monitoring
A
4
Q
Audit committees
A
5
Q
NEDs
A
6
Q
Internal control department
A
7
Q
Policies and procedures edited
A
8
Q
Training and development
A
9
Q
Segregation of duties
A
10
Q
NOCLAR
A
11
Q
Omission
A
12
Q
Comission
A
13
Q
Intentional
A
14
Q
Unintentional e.g. lack of training
A
15
Q
Knowledge of business
A
16
Q
Direct laws
A
17
Q
Indirect laws
A
18
Q
Operating aspect
A
19
Q
Penalties
A
20
Q
Going concern issues
A
21
Q
Model response/duty
A
22
Q
Understanding
A
23
Q
Nature of act
A
24
Q
Circumstance
A
25
F/S effect
26
Evidence gathering
27
Middle management
28
TCWG
29
Legal advice
30
Implication
31
Client integrity
32
Sample size
33
Materiality
34
Client-auditor relationship
35
Audit report implications
36
Unresolved breach
37
Documentation
38
Documentation
39
National requirement
