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Colette Thro
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Decks in this class (55)
AUD 1.1 - Professional Standards
This standard guideline provides ...,
This standard guideline provides ...,
This standard guideline provides ...
8
cards
AUD 1.2 - Audit Engagements
What is the financial reporting f...,
This gives credibility to the fin...,
Management and those charged with...
16
cards
AUD 1.3 - Forming An Audit Opinion
The auditor refers to gaas or gui...,
This opinion states that the fina...,
An auditor may decide necessary t...
10
cards
AUD 1.4 - Unmodified / Unqualified Opinion
What is the flow of contents for ...,
The opinion section of the audit ...,
The basis for opinion section of
14
cards
AUD 1.5 - Modified Opinions Due To Financial Statement Issues
What are the two modified opinion...,
When is a qualified opinion given,
When is an adverse opinion
14
cards
AUD 1.6 - Modified Opinions Due To Audit Issues
The two modified opinions given f...,
Opinion given when an auditor is ...,
Opinion given when the unit or is...
14
cards
AUD 1.7 - Emphasis Of Matter, Other Matter, And Explanatory Paragraphs
Who uses emphasis of matter and o...,
When does the auditor include an ...,
Does an emphasis of matter paragr...
20
cards
AUD 1.8 - Reporting With Differnt Opinions & Other Auditors
What should an auditor do if duri...,
If an updated opinion differs fro...,
In deciding whether to reissue th...
11
cards
AUD 1.9 - Subsequuent Events
This is an event that occurs afte...,
What are the two categories of su...,
This type of subsequent event pro...
14
cards
AUD 1.10 - Other Information & Supplementary Information
Is the auditor responsible for de...,
If the other information requires...,
If the auditor becomes aware of a...
18
cards
AUD 1.11 - Special Purpose & Other Country Frameworks
What does ocboa stand for,
Special purpose frameworks can al...,
A special purpose framework is a ...
15
cards
AUD 2.1 - Quality Control
This consists of policies and pro...,
The six interrelated elements of ...,
This element of the quality contr...
21
cards
AUD 2.2 - Documentation
This is the principal record of a...,
Audit documentation should indica...,
The date on which the auditor gra...
9
cards
AUD 2.3 - Terms Of Engagement
Responsible for the selection and...,
As part of the pre acceptance pha...,
If any of the following precondit...
9
cards
AUD 2.4 - Planning
During planning the auditor is re...,
The nature extent and timing of s...,
The most common sources of indust...
20
cards
AUD 2.5 - Using The Work Of Others
How can the work of internal audi...,
How can the work of internal audi...,
Education professional certificat...
8
cards
AUD 2.6 - Materiality
When assessing materiality the au...,
What factors are used o make the ...,
For accounts or disclosures where...
5
cards
AUD 2.7 & 2.8 - Risk Assessment
Why does a cpa test internal control,
The following are risk assessment...,
What are the three factors within...
50
cards
AUD 2.9 - The Effect Of Information Technology On The Audit
The automated means of originatin...,
The use of this effects the manne...,
Are audit objectives the same in ...
19
cards
AUD 3.1 - Fraud Risk
An unintentional misstatement or ...,
An intentional act by one or more...,
Three types of fraud
23
cards
AUD 3.2 - Audit Risk
The risk that the auditor may unk...,
Why does audit risk occur,
An omission or misstatement of ac...
24
cards
AUD 3.3 - Identifying, Assessing, And Responding To Risk
Risks that relate pervasively to ...,
Financial statement level risks i...,
Risks that relate to specific tra...
47
cards
AUD 3.4 - Specific Areas Of Engagement Risk
An act of omission or commission ...,
The auditor is responsible for ob...,
What are some inherent limitation...
12
cards
AUD 3.5 - Sufficient Appropriate Evidence
All the information the auditor u...,
Consist of records of initial ent...,
Includes minutes of meetings conf...
10
cards
AUD 3.6 - Procedures To Obtain Evidene
The following standard procedures...,
Involves obtaining representation...,
Confirmations are considered what...
64
cards
AUD 3.7 - Financial Raios
Auditors often perform ratio anal...,
Financial indicators that distill...,
The numerator has a what relation...
66
cards
AUD 3.8 & 3.9 - Sampling
The risk that the sample is not r...,
Variability uncertainty which als...,
Audit sampling methods can be either
79
cards
AUD 3.10 - Audit Data Analytics
Data analytic techniques that ena...,
Adas can be used to perform,
4 broad categories of adas
26
cards
AUD 4.1 - Revenue Cycle
Auditing by transaction cycle ena...,
Includes sales revenues receivabl...,
Includes purchases payables and c...
52
cards
AUD 4.2 - Expense Cycle
The following functions should be...,
This begins the purchase cycle,
Who sends a serially numbered req...
24
cards
AUD 4.3 - Cash Cycle
What are two common cash fraud sc...,
A fraud scheme in which todays ca...,
When an employee withholds funds ...
18
cards
AUD 4.4 - Inventory Cycle
For inventory held by the entity ...,
What duties should be segregated ...,
In the purchasing process of inve...
11
cards
AUD 4.5 - Investment Cycle
Internal control over investments...,
Who should authorize the purchase...,
Who should havre custody of the i...
28
cards
AUD 4.6 - Other Transaction Cycles
The major transactions associated...,
The major internal control proces...,
What is generated for acquisition...
54
cards
AUD 4.7 - Matters That Require Special Consideration
Where should it be indicated that...,
Who prepares the letter of inquir...,
A clients refusal to permit inqui...
21
cards
AUD 4.8 - Misstatements And Internal Control Deficiencies
Matters that are inconsequential ...,
If at the auditors request manage...,
If management does not make the r...
15
cards
AUD 4.9 - Written Representation
When should the auditor obtain a ...,
Who prepares the management repre...,
The three primary purposes of the...
7
cards
AUD 4.10 - Communication With Management And Those Charged With Governance
A committee of the board of direc...,
Who strongly recommends and audit...,
The main function of the audit co...
21
cards
AUD 5.1 - Integrated Audit Procedures
Who is required to perform an int...,
Large accelerated filers are cons...,
An accelerated filer is considered
25
cards
AUD 5.2 - Communication And Reporting In An Integrated Audit
To who and by when should control...,
To who and by when should signifi...,
To who and by when should materia...
15
cards
AUD 5.3 - Attestation Engagements And Standards
The need for independent expressi...,
Engagements in which a practition...,
Each type of attestation service ...
35
cards
AUD 5.4 - Agreed Upon Procedrues And Prospective Financial Statements
Under an agreed upon procedures e...,
An agreed upon procedures engagem...,
If engagements to perform agreed ...
33
cards
AUD 5.5 - Reporting On Controls At A Service Organization
A service organizations services ...,
Service organizations often have ...,
Abc firm audits party solutions p...
17
cards
AUD 5.6 - Reporting On Compliance
In order for an auditor to issue ...,
What is negative assurance,
Negative assurance may be give when
13
cards
AUD 5.7 - Government Audits
What are the sources of standards...,
Gagas contain standards or audits of,
What are unconditional requiremen...
19
cards
AUD 5.8 - Single Audits
Audis of receipts to of federal f...,
What additional requirements does...,
Requires entities that expend tot...
29
cards
AUD 6.1 - SSARS Engagements
Cpas can perm three levels of ser...,
What level of assurance and indep...,
What level of assurance
13
cards
AUD 6.2 - Preparation Engagements
What is the lowest level of servi...,
The objective of an accountant in...,
Preparation standards do not appl...
10
cards
AUD 6.3 - Compilation Engagements
A service to apply accounting and...,
This engagement is one level high...,
Who can request a compilation iss...
18
cards
AUD 6.4 - Review Engagements
A higher level of service than a ...,
In this report it states that the...,
In this engagement the accountant...
24
cards
AUD 6.5 - Review Reports
The accountant should modify the ...,
At the accountants discretion thi...,
A review report prepared in accor...
22
cards
AUD 6.6 - Interim Reviews
Nonissuers may receive a interim ...,
Who governs the interim review fo...,
Who governs interim financial
16
cards
AUD 6.7 - The AICPA Code Of Professional Conduct
This governs any service that a m...,
A professional code of conduct is...,
The aicpa code of professional co...
25
cards
AUD 6.8 - Ethical Requirements Of The SEC And PCAOB
The pcaob is composed of how many...,
Who audits the audit firms that a...,
Sox title 1 deals with
17
cards
AUD 6.9 - Ethical Requirements Of The GAO And DOL
The ethical principles that guide...,
The general standards provide gui...,
An external peer review is requir...
6
cards
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