Chapter 13

Question 1

AAR/IR*CR = PDR

Answer 1

audit risk model:
tests of controls + substantive tests of transactions + analytical procedures + tests of details of balances = sufficient appropriate evidence

Question 2

phases of the audit processes

Answer 2

plan and design an audit approach
perform tests of controls and substantive tests of transactions
perform analytical procedures and tests of details of balances
complete the audit and issue an audit report