Block 1 - Opening Balances and Joint Audit Flashcards
1
Q
Newly audited client
A
2
Q
Previous auditor
A
3
Q
Resigned
A
4
Q
Prior year financial statements
A
5
Q
Change in auditor
A
6
Q
Professional competence
A
7
Q
Independence
A
8
Q
Who
A
9
Q
Working papers
A
10
Q
Professional courtesy
A
11
Q
Capable
A
12
Q
Current
A
13
Q
Trust
A
14
Q
Review
A
15
Q
Closing balances
A
16
Q
Investigate
A
17
Q
Discussing with management
A
18
Q
Modified audit report
A
19
Q
Current year’s audit
A
20
Q
Classify
A
21
Q
High risk
A
22
Q
Other matter paragraph
A
23
Q
Conditional paragraph
A
24
Q
Modified report
A
25
Q
Name, opinion type, date of report
A
26
Q
Liable
A
27
Q
Contacted
A
28
Q
Exemption/“exempt previously”
A
29
Q
First time audit
A
30
Q
Responsibilities
A
31
Q
Change
A
32
Q
Workload
A
33
Q
Support
A
34
Q
Distrust
A
