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Decks in this class (14)
Chapter 5: Quality Management
3 reasons it s important to provi...,
External qms for listed companies 2,
External qms for non listed compa...
16
cards
Chapter 2: Responsibilities
What are the responsibilities of ...,
Auditors rights 3 2,
Things considered re fraud by aud...
6
cards
Chapter 3: Professional Standards
Why are professional standards ne...,
What does frc stand for 2,
What does the frc do re audit 2 t...
3
cards
Chapter 4: Professional Ethics
Fundamental principles 5 1,
Threats to objectivity and indepe...,
Safeguards against the threats to...
22
cards
Chapter 1: Reintroduction to AA
7 elements of an assurance engage...,
2 levels of assurance 2,
Opinion given in a reasonable ass...
7
cards
Chapter 6: Accepting Engagements
When should fees be discussed wit...,
Fees should be based on 6 factors...,
What factors should be considered...
16
cards
Chapter 7: Planning
Why is audit planning important 3...,
What does an audit strategy consi...,
What does the audit plan provide 3
30
cards
Chapter 8: Understanding the Entity and its Environment
What must the auditor know about ...,
A strong understanding of an enti...,
External sources for understand t...
11
cards
Chapter 9a: Risk Assessment
3 types of business risks 1,
Financial risks 2,
Operational risks 3
23
cards
Chapter 10: Audit Approach
Responding to the risk assessment...,
Sources of audit confidence 2 2,
Two types of substantive procedur...
14
cards
Chapter 11: Performing an Audit Engagement
Examples of when an expert may be...,
Auditor s expert 2,
Management s expert 3
16
cards
Chapter 12: Audit Completion
Steps when errors are discovered 1,
Three audit phases 2,
During the completion phase the a...
16
cards
Chapter 13: Reporting
Two key reports produced by the a...,
Matters to be communicated to tho...,
Two benefits of having standardis...
15
cards
Review Notes
Why they are quality engagement r...,
When are quality engagement revie...,
Risk at financial statement level 3
23
cards
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Audit & Assurance
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