This class was created by Brainscape user Anna Crosby. Visit their profile to learn more about the creator.
By:
Anna Crosby
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Decks in this class (14)
1: Concept of and need for assurance
What is an assurance engagement,
What are the key elements of assu...,
Who s involved in the 3 party rel...
22
cards
2: Process: Obtaining an Engagement
What are the two key methods of o...,
What 6 factors are there to consi...,
What info do we need to gather on...
8
cards
3: Process: Planning
What are the two elements of the ...,
What are the 6 key components of ...,
What are the 6 things that audit ...
33
cards
4: Process: Evidence and Reporting
What are three steps in the proce...,
What are the two things that evid...,
What makes evidence reliable and ...
26
cards
5: Internal Control
What is internal control,
5 examples of controls,
Limitations of internal controls
24
cards
6/7/8: Revenue, Purchases, Employees
The 5 key risk areas to the reven...,
3 basic tests of controls,
The 5 key risk areas to purchases...
4
cards
9: Internal Audit
What is an internal audit and is ...,
Who in a company would do an inte...,
How can an internal audit departm...
5
cards
10: Documentation
Purpose of completing detailed wo...,
What do working papers provide a ...,
According to isa 230 why must aud...
8
cards
11: Evidence and Sampling
The 5 general procedures for obta...,
6 types of substantive procedures,
What are caats also called what a...
24
cards
12: Written Representations
What are management representation,
Format of written representations,
What are general matters that sho...
5
cards
12: Substantative Procedures
What are the four fsas to be addr...,
What equation makes up final inve...,
Why is inventory a key audit area
18
cards
13: Ethics, Regulation, Independence
Why is accountancy highly regulated,
What do ethical codes aim to do,
What codes of ethics are out there
13
cards
14: THREAT SCENARIOS AND SAFEGUARDS
1 financial interest,
1 business relationship,
2 employment
32
cards
16: Confidentiality
What are the two legislation on d...,
What rules are under both gdpr an...,
What are the risks to confidentia...
8
cards
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Assurance
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