Module 10 Flashcards
intro to auditing
1
Q
name the auditing principles
A
planning
honesty
impartiality
secrecy
consistency
2
Q
name a few auditing techniques
A
sampling
observation
testing
interview
data analytics
3
Q
list two types of sampling
A
judgement-based
statistical
4
Q
list two types of statistical sampling
A
attribute-based
vs.
value-based
5
Q
what types of audits are there
A
1st party = internal
2nd party = externa
3rd party = auditing of a 3rd party, such as a supplied
6
Q
what is the purpose of the internal Audit Charter
A
rule-book for auditors
7
Q
what is the contents of the internal audit charter?
A
Statement of purpose
Roles and Responsibilities
Reporting Relationships
Points of Contact
Programme Activities
Reporting Requirements
8
Q
what does GAAS stand for?
A
Generally accepted auditing standards
9
Q
A
