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Decks in this class (20)
Chapter 1 - Assurance and Audit Defined
What is an assurance engagement 1,
How does an audit relate to assur...,
Who are the three parties in an a...
23
cards
Chapter 5 - Client Acceptance and Continuance
What is client acceptance and con...,
Why is client acceptance important 2,
What standards govern client acce...
26
cards
Chapter 6 - Planning — Introduction to Audit Planning
What is the purpose of audit plan...,
How does audit planning help focu...,
Why is early identification of po...
23
cards
Chapter 7 - Planning — Risk Assessment
What is audit risk ar 1,
More specifically what does ar re...,
What is the auditor s primary obj...
29
cards
Chapter 8 - Planning — Going Concern Considerations
What is the going concern basis o...,
Why is the going concern assumpti...,
Which standard guides auditors on...
22
cards
Chapter 9 - Planning — Fraud and Other Risk Considerations
Why is fraud a key focus in audit...,
What is the auditor s overarching...,
What are the two main types of fr...
20
cards
Chapter 4 - Ethics & Legal Considerations
Practitioner independence 1,
What are the two types of indepen...,
What are common threats to audito...
30
cards
Chapter 10 - Planning — Approach and Strategy Considerations
What are the two general audit ap...,
When is the substantive approach ...,
What does the substantive approac...
17
cards
Chapter 11 - Materiality
What is materiality in auditing 1,
When is materiality applied 2,
Key balance in setting materiality 3
17
cards
Chapter 3 - Codes of Professional Conduct
Who does the cpa code of ethics a...,
What are the main goals of the co...,
How is the code governed 3
12
cards
Chapter 12 - Planning — Assertions and Procedures*
Purpose of assertions and procedu...,
Assertions procedures 2,
Existence 3
34
cards
Chapter 13 - Planning — Evidence and Documentation
What is the purpose of audit evid...,
What types of information can aud...,
What is sufficiency in audit evid...
30
cards
Chapter 16 - Execution — Substantive Procedures*
What happens during the execution...,
What procedures are applied durin...,
What are tests of controls 3
49
cards
Chapter 14 - Internal Controls
Why are internal controls relevan...,
Must auditors understand internal...,
Who is responsible for designing ...
37
cards
Chapter 18 - Audit of Cash Balances and Investments
What does cash include 1,
What are cash equivalents 2,
Give examples of cash equivalents 3
23
cards
Chapter 19 - Audit of the Revenue, Receivables, and Receipts Cycle
What does the rrr cycle stand for 1,
What processes are included in th...,
What key processes does the rrr c...
40
cards
Chapter 20 - Audit of the Purchases, Payables, and Payments Cycle
What does the ppp cycle stand for 1,
What transactions does the ppp cy...,
What is the main audit focus in t...
49
cards
Chapter 21 - Audit of the Inventory and Distribution Cycle*
What does the inventory and distr...,
Which other audit cycles link to ...,
What are the inventory types for ...
31
cards
Chapter 23 - Audit of the Payroll Cycle*
What does the payroll cycle inclu...,
Why is payroll material in audits 2,
What are key payroll audit concer...
32
cards
Chapter 22 - Audit of Property, Plant, and Equipment*
What does the audit of pp e focus...,
Why is pp e significant in audits 2,
What is the primary audit risk fo...
30
cards
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Core 1 - Audit
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