Block 1 - Outsourcing, Audit Committe, Non-Audit Services Flashcards
1
Q
Outsourcing
A
2
Q
Common audit client practice
A
3
Q
Service organization
A
4
Q
Payroll
A
5
Q
Access
A
6
Q
Evidence
A
7
Q
Outsource
A
8
Q
Material
A
9
Q
Financial Statements
A
10
Q
Extra audit procedures
A
11
Q
Responsibility
A
12
Q
Visit
A
13
Q
Client permission
A
14
Q
Obtain evidence
A
15
Q
Test of controls
A
16
Q
Input
A
17
Q
Collected
A
18
Q
Output
A
19
Q
Substansive procedures
A
20
Q
Timing
A
21
Q
Resources
A
22
Q
Juniors
A
23
Q
Seniors
A
24
Q
Risk
A
25
Service organization
26
Independence
27
Competence
28
Experience
29
Assurance
30
Type 1
31
Design
32
Policies and procedures
33
Type 2
34
Operation
35
Compliance
36
Reputation
37
Good/bad practice
38
Audit committee
39
Corporate governance
40
Internal audit
41
External audit
42
Review
43
Financial statements
44
Published
45
Laws compliance
46
Reasonable assurance
47
Systems of controls
48
Monitoring
49
Robust
50
Confidence
51
Fraud
52
Detection, prevention, mitigation
53
Robust controls
54
Collaboration
55
External auditor
56
Code
57
Appointment, reappointment, removal
58
Office
59
Fees
60
Authority
61
Approval
62
Audit
63
Non-audit
64
Terms of engagement
65
Address
66
TCWG
67
Annual review
68
Independence threats
69
Ethical safeguards
70
Meeting
71
Discuss
72
Satisfy
73
Annual audit cycle
74
Quality
75
Audit plan
76
Completed fieldwork
77
Problems issues
78
Management responsiveness
79
Unadjusted errors
80
Disagreement
81
Finalization meeting
82
Audit clearance meeting
83
Robust communication
84
Behavioral feedback
85
Management letter
86
Non-audit services
87
Ethical threats
88
Listed company
89
Meeting
90
Pre-approved: Skills of firm, ethical threat safeguards, fees charged
