This class was created by Brainscape user daniel foster. Visit their profile to learn more about the creator.
By:
daniel foster
- decks
- flashcards
- learners
Decks in this class (16)
Lecture 1 - Audit Framework
Auditing defined,
Assurance services defined,
Audit is engaged by
18
cards
Lecture 2 - Planning and Risk assessment (1)
What does risk assessment involve,
Places of potential misstatements...,
Places of potential misstatements...
25
cards
Lecture 3 - Planning and risk assessment (2)
Planning an audit why,
A more detailed audit plan involves,
Initial planning allows us to dra...
20
cards
Lecture 4 - Planning, risk assessment and internal controls (1)
Why do we need audit documentation,
The auditor should be able to und...,
Audit documents permanent files are
20
cards
Lecture 5 - Internal controls (2)
Why are internal controls important,
How does an auditor identify the ...,
The effectiveness of internal con...
11
cards
Lecture 6 - Internal controls (3) and internal audit
Capital structure transaction cycles,
Long term debt transaction cycles,
Equity transaction cycle
21
cards
Lecture 7 - Audit evidence (1)
Under isa 500 the assertions fall...,
To reduce the risk of the asserti...,
Sufficient evidence implies
12
cards
Lecture 8 - Audit evidence (2)
Audit sampling means,
Statistical sampling is,
Sampling risk is the risk that
20
cards
Lecture 9 - Sem 2 - Audit completion
Before finalising the audit repor...,
Isa 10 subsequent events are,
Adjusting events isa 10 are
19
cards
Lecture 10 - Audit reporting and Audit opinion
0
cards
Lecture 11 - Fraud and Audit
An error is,
Fraud is,
Who is has the primary responsibi...
17
cards
Lecture 12 - Professional Ethics (1)
Audit quality is,
Credibility can only be effective...,
Independence of mind is
9
cards
Lecture 13 - Professional Ethics (2)
The ifac code requires profession...,
The five principles of ethics cop...,
Compliance with the fundamental p...
15
cards
Lecture 14 - Audit Regulation
Audit quality is,
Five drivers of aq,
Three types of regulation
7
cards
Lecture 15 - Audit expectations gap and Audit quality
Acca defines the audit expectatio...,
The audit expectation gap contain...,
The knowledge gap is
14
cards
Lecture 16 - Auditor's Liability
Companies act 2006 section 507 of...,
Penalty for offences under sectio...,
Companies act section 993 offence...
10
cards
More about
Auditing
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study daniel foster's Auditing flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
