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james pearson
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Decks in this class (14)
Chapter 1 - Principles
Define assurance,
Define audit,
Why have an external audit
9
cards
Chapter 2 - Business Systems
Revenue cycle risks and controls
1
cards
Chapter 3 - Planning, Controlling And Recording
Engagement letter,
Planning an audit why procedures,
Materiality
5
cards
Chapter 4 - Systems and Internal Controls
Risk objective and procedure,
5 components of control,
Walk through test
11
cards
Chapter 5 - Audit Evidence, Techniques And Procedure
Audit evidence must be two things,
Audit sampling deciding in sample...,
Methods of sampling
5
cards
Chapter 6 - General Principles
List financial statement assertio...,
Directional testing
2
cards
Chapter 7 - Inventory
What does an auditor do at the in...,
What happens at the final audit,
Cut off test
3
cards
Chapter 12 - Completion Stages
Disclosure check,
Analytical procedures,
Subsequent events
6
cards
Chapter 8 - Non Current Assets
Name the two elements that need t...,
Cost of the asset,
Depreciation checks
6
cards
Chapter 9 - Receivables, Cash And Bank
Circularisation testing,
Additional methods if circularisa...,
Prepayments
6
cards
Chapter 10 - Liabilities, Shareholders Funds And Stat Books
What is the main concern for liab...,
Audit tests for liabilities,
Accruals
6
cards
Chapter 11 - Statement Of Profit And Loss
Revenue testing,
Payroll purchases and other expenses
2
cards
Chapter 13 - The Reporting Function
Reports to management,
Unmodified audit opinions,
Express opinions for unmodified a...
5
cards
Chapter 14 - Legal And Professional Framework
0
cards
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Audit
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