This class was created by Brainscape user Linden Horswill. Visit their profile to learn more about the creator.

Decks in this class (23)

Ch. 1 - Assurance Handbook and Regulatory Framework
Aasb short for,
Cas short for,
Csre short for
3  cards
Ch. 2 - Fundamental Concepts
Statutory audits meaning,
Voluntary audits meaning,
Agency risk meaning
7  cards
Ch. 6 - Risk
Audit risk,
Audit risk model,
Detection risk
10  cards
Ch. 8 - Going Concern
Going concern cas _ _ _,
Going concern means,
Going concern indicators financial
12  cards
Ch. 3 - Client Acceptance
Csqc stands for,
Things to consider when accepting...,
Things to consider when assessing...
6  cards
Ch. 4 - Rules of Professional Conduct
Key principles to the rules,
Rules of professional conduct fees,
Rules of professional conduct adv...
6  cards
Ch. 5 - Materiality
Steps to determine materiality 8,
Identify the users of the fs exam...,
Identify users objectives examples
10  cards
Ch. 9 - Approach
Two approach options,
Substantive procedures,
Why use a substantive approach
4  cards
Ch. 10 - Analytical Procedures
Reliability things to consider,
Annualizing,
Types of analytical procedures 3
9  cards
Ch. 13 - Assertions
Balance sheet assertions,
Income statement assertions
2  cards
Ch. 14 - Audit Evidence
Audit evidence is required to be ...,
Sufficient evidence means,
Appropriate evidence means
6  cards
Ch. 15 - Substantive Procedures
Types of substantive procedures,
Inspection procedures,
Observation procedures
16  cards
Ch. 12 - Tests of Controls
Five components of internal contr...,
Five components of internal contr...,
Five components of internal contr...
9  cards
Ch. 16 - Sampling
Three ways to select items for te...,
Selecting all items is appropriat...,
Selecting specific items includes
14  cards
Ch. 7 - Fraud
Two types of fraud,
Conditions that can lead to fraud...,
The fraud triangle
6  cards
Ch. 18 - Evaluation of Misstatements
Misstatements from error can be c...
1  cards
Ch. 19 - Subsequent Events
Procedures relating to subsequent...,
Two types of subsequent events,
Subsequent events if found before...
5  cards
Ch. 20 - Auditor Report
Unqualified opinion means,
Limitation of scope 1 pervasive 2...,
Pervasive effects are those that
7  cards
Ch. 21 - Compilation and Review Engagements
Reviews considerations for accept...
1  cards
Ch. 22 - Due Diligence
What is due diligence,
Common scenarios when you would u...,
Due diligence at the beginning of...
7  cards
Ch. 23 - Other Engagements
An audit provides what level of a...,
A review provides what level of a...,
Special purpose fs special purpos...
21  cards
Ratios
Current ratio,
Quick ratio,
Receivables turnover
19  cards
Other Engagements (David)
Cas 805,
Csre 2400,
Hb9100
15  cards

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Audit and Assurance

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