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By:
Ethan Adams
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Decks in this class (21)
1) Pre-engagement
What is the purpose of an audit,
What does the audit opinion express,
What is the end product of the au...
29
cards
2) Companies Act
When is an individual related to ...,
When is a jp related to another jp,
When does a person have control o...
64
cards
3) Companies Regulations & APA
Who does the companies regulation...,
How to calculate the pis as per c...,
What does the apa contain
6
cards
4) Ethics - King IV
What do we use for ethics and cg ...,
What do we use for ethics for the...,
What are the governance outcomes ...
16
cards
5) Ethics - CPC
What are the main responsibilitie...,
What must the pa do if he identif...,
What ethical principles must the ...
27
cards
6) CPC - Part 2
How to identify conflicts of inte...,
How to evaluate conflicts of inte...,
How to address conflicts of interest
39
cards
7) CPC - Part 3
How to identify conflicts of inte...,
How to evaluate conflicts of inte...,
How to address conflicts of inter...
35
cards
8) CPC - Part 4
What is assurance services,
What is an audit opinion,
What is a review opinion
5
cards
9) King IV
What are roles of the governing body,
What are requirements for the int...,
How should composition of gov bod...
44
cards
10) Internal Control
What must the auditor do if they ...,
How can mgmt respond to inefficie...,
What are the two internal control...
18
cards
11) Planning Materiality
What are the four stages in the a...,
What information does the plannin...,
What does the planning stage cons...
28
cards
12) ROMM - Overall Level
What happens during the risk asse...,
What is the definition of audit risk,
What is the definition of romm
24
cards
13) ROMM - Assertion Level
What is an assertion,
How does assertion level differ f...,
What are the assertions for speci...
14
cards
14) Audit Strategy, Approach & Plan
What is the purpose of audit stra...,
What the four components of audit...,
Which factors can impact audit scope
26
cards
15) Tests of Controls
At what level do we use toc,
What do we do if we find that con...,
Is toc indirect or direct
13
cards
16) General Substantive Procedures
Under which stage of the audit do...,
Which risks are meant to be mitig...,
What can we conclude when we see ...
25
cards
17) Substantives: Revenue, TR
Which source documents are releva...,
What do we look for in the source...,
What do we aim for for the accoun...
9
cards
19) Substantives: Trade Payables
Why is the tp balance high risk,
Which documents are used for tp,
Why are expenses at high risk of ...
10
cards
21) Experts, CAATs, Subsequent Events
What do we need to look for in an...,
How must the auditor evaluate the...,
What are the requirements for the...
18
cards
22) Going Concern
What are the two types of insolvency,
What is factual insolvency,
What is commercial insolvency
13
cards
23) Evaluation and Conclusion
When may the audit strategy plan ...,
What will the auditor do with all...,
What if mgmt refuses to correct t...
9
cards
More about
2022 - GAA II
- Class purpose General learning
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