Block 1 - Professional Scepticism Flashcards

1
Q

Component

A
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2
Q

Duty of Care

A
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3
Q

Attitude

A
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4
Q

Questioning mind

A
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5
Q

Window dressing

A
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6
Q

Management bias

A
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7
Q

Critical assessment

A
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8
Q

Action

A
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9
Q

Personality

A
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10
Q

High degree

A
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11
Q

Alert

A
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12
Q

Planning

A
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13
Q

Risk assessment

A
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14
Q

Fraud

A
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15
Q

Laws and Regulations

A
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16
Q

Breach

A
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17
Q

Management estimates

A
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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
Q

Inquire

A
26
Q

Better evidence

A
27
Q

Focus

A
28
Q

Sufficient, appropriate audit evidence

A
29
Q

Revise

A
30
Q

Extra audit work

A
31
Q

Challenge

A
32
Q

Materiality

A
33
Q

Strange statement

A
34
Q

Risky areas in financial statements

A
35
Q

Management bias

A
36
Q

Illogical statement

A
37
Q

Critically evaluate assumption

A
38
Q

Static

A
39
Q

Disagreements

A
40
Q

Last year working paper/assumption

A
41
Q

Independence

A
42
Q

Reperform

A
43
Q

Precondition

A
44
Q

Impose limit

A