1
Q
When are analytical procedures required?
A
Planning
Final review
2
Q
Why do you use analytical procedures in the final review?
A
Evaluate overall presentation
Assess conclusions reached
Assist in forming an opinion
3
Q
Define clearly trivial
A
Inconsequential, both individually and in aggregate, and when judged by any criteria
CPA: AUD
flashcards
Decks in class (26)
# Cards
-
Chapter 1 Section 1: Audited Financial Statements - The Basics7
-
Chapter 1 Section 2: Professional Standards8
-
Chapter 1 Section 3: Reports on Audited Financial Statements73
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Chapter 1 Section 4: Reports on Comparative Financial Statements7
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Chapter 1 Section 5: Events Occurring After Year-End10
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Chapter 1 Section 6: Reporting on Other Information17
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Chapter 2 Section 1: Other Engagements, Reports, and Accounting Services30
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Chapter 2 Section 2: Preparation, Compilation, and Review of Financial Statements39
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Chapter 2 Section 3: Reporting on Comparative Financial Statements5
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Chapter 2 Section 4: Review of Interim Financial Information14
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Chapter 2 Section 5: Letters for Underwriters6
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Chapter 2 Section 6: Attest Engagements29
-
Chapter 3 Section 1: Engagement Acceptance and Understanding the Assignment13
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Chapter 3 Section 2: Planning and Supervision17
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Chapter 3 Section 3: Audit Risk12
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Chapter 3 Section 4: Fraud Risk11
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Chapter 3 Section 5: Fraud Risk14
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Chapter 3 Section 6: Compliance with Laws and Regulations8
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Chapter 3 Section 7: Assessing the Risks of Material Misstatement8
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Chapter 3 Section 8: Internal Control23
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Chapter 3 Section 9: Responding to the Assessed Risks of Material Misstatement7
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Chapter 4 Section 1: Audit Evidence15
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Chapter 4 Section 2: Audit Procedures by Transaction Cycle26
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Chapter 4 Section 3: Other Audit Procedures23
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Chapter 4 Section 4: Evaluating Audit Findings3
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Chapter 4 Appendix I: Financial Ratios0
