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AAA Vocabulary > Block 1 - Outsourcing, Audit Committe, Non-Audit Services > Flashcards

Block 1 - Outsourcing, Audit Committe, Non-Audit Services Flashcards

1
Q

Outsourcing

A
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2
Q

Common audit client practice

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3
Q

Service organization

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4
Q

Payroll

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5
Q

Access

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6
Q

Evidence

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7
Q

Outsource

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8
Q

Material

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9
Q

Financial Statements

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10
Q

Extra audit procedures

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11
Q

Responsibility

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12
Q

Visit

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13
Q

Client permission

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14
Q

Obtain evidence

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15
Q

Test of controls

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16
Q

Input

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17
Q

Collected

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18
Q

Output

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19
Q

Substansive procedures

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20
Q

Timing

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21
Q

Resources

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22
Q

Juniors

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23
Q

Seniors

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24
Q

Risk

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25
Q

Service organization

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26
Q

Independence

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27
Q

Competence

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28
Q

Experience

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29
Q

Assurance

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30
Q

Type 1

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31
Q

Design

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32
Q

Policies and procedures

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33
Q

Type 2

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34
Q

Operation

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35
Q

Compliance

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36
Q

Reputation

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37
Q

Good/bad practice

38
Q

Audit committee

39
Q

Corporate governance

40
Q

Internal audit

41
Q

External audit

42
Q

Review

43
Q

Financial statements

44
Q

Published

45
Q

Laws compliance

46
Q

Reasonable assurance

47
Q

Systems of controls

48
Q

Monitoring

49
Q

Robust

50
Q

Confidence

51
Q

Fraud

52
Q

Detection, prevention, mitigation

53
Q

Robust controls

54
Q

Collaboration

55
Q

External auditor

57
Q

Appointment, reappointment, removal

58
Q

Office

60
Q

Authority

61
Q

Approval

62
Q

Audit

63
Q

Non-audit

64
Q

Terms of engagement

65
Q

Address

67
Q

Annual review

68
Q

Independence threats

69
Q

Ethical safeguards

70
Q

Meeting

71
Q

Discuss

72
Q

Satisfy

73
Q

Annual audit cycle

74
Q

Quality

75
Q

Audit plan

76
Q

Completed fieldwork

77
Q

Problems issues

78
Q

Management responsiveness

79
Q

Unadjusted errors

80
Q

Disagreement

81
Q

Finalization meeting

82
Q

Audit clearance meeting

83
Q

Robust communication

84
Q

Behavioral feedback

85
Q

Management letter

86
Q

Non-audit services

87
Q

Ethical threats

88
Q

Listed company

89
Q

Meeting

90
Q

Pre-approved: Skills of firm, ethical threat safeguards, fees charged

AAA Vocabulary (23 decks)

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