Block 1 - Professional Scepticism Flashcards
1
Q
Component
A
2
Q
Duty of Care
A
3
Q
Attitude
A
4
Q
Questioning mind
A
5
Q
Window dressing
A
6
Q
Management bias
A
7
Q
Critical assessment
A
8
Q
Action
A
9
Q
Personality
A
10
Q
High degree
A
11
Q
Alert
A
12
Q
Planning
A
13
Q
Risk assessment
A
14
Q
Fraud
A
15
Q
Laws and Regulations
A
16
Q
Breach
A
17
Q
Management estimates
A
18
Q
Going concern
A
19
Q
Disclosures
A
20
Q
Related party transactions
A
21
Q
Audit Process
A
22
Q
Client Screening
A
23
Q
Rectifying action
A
24
Q
Fieldwork
A
25
Inquire
26
Better evidence
27
Focus
28
Sufficient, appropriate audit evidence
29
Revise
30
Extra audit work
31
Challenge
32
Materiality
33
Strange statement
34
Risky areas in financial statements
35
Management bias
36
Illogical statement
37
Critically evaluate assumption
38
Static
39
Disagreements
40
Last year working paper/assumption
41
Independence
42
Reperform
43
Precondition
44
Impose limit
