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By:
Yusuf Atak
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Decks in this class (47)
Audit
CPA
13
cards
Audit
Studying
7
cards
Mutual Funds and Retirement Plans
A covered member who owns shares ...,
If the member owns 5 or less of t...,
When a defined benefit plan is in...
3
cards
Partnerships, 529s, Trust and Estates, Employee Benefit Plans
Owners of a 529 account used to p...,
The fact that a covered member is...,
If a covered member acts as a gra...
4
cards
Depository Accounts, Brokerage Accounts, and Insurance Policies
Individual covered members may ma...,
A covered members brokerage accou...,
An insurance policy is not a fina...
3
cards
Loans, Leases, and Business Relationships
Capital leases leases to own rena...,
If a covered member keeps payment...
2
cards
Family Relationships
Immediate family members cumulati...
1
cards
Current Employment and Subsequent
Partners and professional employe...,
Partners and professional employe...,
When an attest team member or per...
3
cards
Other Associations and Relationships
0
cards
SEC
Financial reporting oversight rol...,
Audit and professional engagement...,
Close family member cfm
9
cards
PCAOB
Tax consulting although the sec a...,
Tax services for frors,
Relatedly to increase transparenc...
3
cards
GAO
The gaos guidelines apply to thos...,
Independence of mind,
Independence in appearance
5
cards
Department of Labor
The rules provide that an account...,
Employment ties during the same p...
2
cards
Accounting vs Auditing
Financial accounting,
Auditing,
Purpose of an audit
5
cards
GAAS and Principles
Aicpa replaced the 10 gaas with 7...,
Purpose of an audit,
Premise
8
cards
Quality Control Standards (SQCS)
He purpose of au 220 quality cont...,
Focus of the system of quality co...,
Six elements of a quality control...
14
cards
Overview of Auditor's Report Results
Gaas require the auditors report ...,
How does an auditor make the foll...,
An auditors responsibility to exp...
4
cards
Different Types of Engagements
An attestation engagement is one ...,
An entity engaged a cpa to determ...
2
cards
PCAOB Responsibilities
The sarbanes oxley act of 2002 im...,
At least how often should the pca...,
Fasb establishes accounting stand...
3
cards
PCAOB
According to pcaob standards each...,
Which of the following statements...
2
cards
Pre-engagement planning issues
Auditors objective under au 210,
Preconditions for an audit,
True or false if the precondition...
12
cards
Planning and Supervision
The audit plan usually cannot be ...,
Which of the following factors is...,
Following conditions most likely ...
6
cards
Materiality
Materiality,
The auditor considers the concept...,
Documentation the auditor should ...
6
cards
Audit Risk
Audit risk,
Reasonable assurance,
Auditor responsibility
14
cards
Analytical Procedures
Analytical procedures,
Analytical procedures serve 3 pur...
2
cards
Audit Data Analytics
Audit data analytics definition,
Purposes of audit data analytics,
Visualization
6
cards
Detecting Fraud
Fraud,
Fraud risk factors,
There are two different types of ...
15
cards
Fraud: Evaluation and communication
Any fraud involving senior manage...,
Fraud that has been detected by t...,
The existence of irregularities f...
3
cards
Detecting illegal acts
Fundamental auditor responsibility,
Inherent limitations,
Laws and regulations having a dir...
14
cards
Using the Work of a Specialist
Aicpa guidance the relevant aicpa...,
Auditors specialist,
Competence capabilities and objec...
11
cards
Required Communications with Those Charged with Governance
Those charged with governance,
Basic auditor responsibility,
Communication with management
11
cards
PCAOB on Communications with Audit Committees
Auditors objectives,
Establishing an understanding of ...,
Communicate results of the audit
7
cards
Introduction to Auditing Individual Areas
Auditing procedures applicable to...,
Existence,
Completeness
7
cards
Obtaining an Understanding of Internal Control
Review phase,
Review phasea the auditor obtains...,
Review phasec transaction cycle
13
cards
Evaluating Internal Control
Auditors consideration of interna...,
When assessing control risk at be...,
The ultimate purpose of assessing...
8
cards
Assessing Control Risk Under AICPA Standards
Risk assessment procedures,
Observation and inspection,
Analytical procedures
15
cards
Performing Procedures in response to assessed risks
Responsibilities for auditors und...,
Assessing the risk of material mi...,
Responses to the risks of materia...
12
cards
Required Communications
Communication of internal control...,
Significant deficiency,
Material weakness
11
cards
Using the Work of an Internal Audit Function
Internal audit function,
The external auditor may use the ...,
Using the internal audit function...
10
cards
Specific transaction cycles
Transaction cycle,
Implication,
As a tool to analyze the audit co...
9
cards
Revenue/Receipts-Sales
Tracing bills of lading to sales ...,
Sound internal control procedures...,
Which of the following internal c...
4
cards
Revenue/Receipts-Cash
Internal control objectives the o...,
Immediately upon receipt of cash ...,
Employers bond employees who hand...
9
cards
Expenditures/Disbursements
In testing controls over cash dis...,
In a well designed internal contr...,
When the shipping department retu...
5
cards
Payroll Cycle
0
cards
Overview of Substantive Procedures
Substantive audit procedures,
Tests of details,
The aicpa states that the effecti...
16
cards
The Nature of Audit Evidence
Audit evidence,
Sufficient,
Appropriate
9
cards
Assertions and Types of Audit Procedures
Audit procedures for obtaining ev...,
Risk assessment procedures,
Test of control
7
cards
More about
Audit
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