- decks
- flashcards
- learners
Decks in this class (28)
1. Assurance: Basics
What is an assurance engagement 1,
What are the 5 required elements ...,
What is the 3 party relationship 3
35
cards
2. Regulatory Framework
Who sets auditing standards in ca...,
What are cas 2,
What are isa 3
36
cards
3. Codes of Professional Conduct
What is the purpose of copc 1,
Who must follow copc 2,
What is the overall objective of ...
34
cards
4. Ethics and Legal Considerations
What are the 5 key ethical threat...,
What is familiarity threat 2,
What is advocacy threat 3
39
cards
5. Client Acceptance and Continuance
What is the first stage of an aud...,
What is the purpose of client acc...,
What are the 3 main areas assesse...
34
cards
6. Intro To Audit Planning
What stage of the audit is planni...,
What is the purpose of audit plan...,
What is the ramp approach 3
33
cards
7. Risk Assessment
At what stage of the audit does r...,
What part of ramp does this unit ...,
What is audit risk ar 3
35
cards
8. Going Concern
What is the going concern assumpt...,
Who is responsible for assessing ...,
What is the minimum assessment pe...
29
cards
9. Fraud and Other Risks
What is fraud risk 1,
What are the 2 types of fraud 2,
What is fraudulent financial repo...
35
cards
10. Approach & Strategy
What is audit approach 1,
What are the 2 types of audit app...,
What is a substantive approach 3
33
cards
11. Materiality
What is materiality 1,
When is materiality set 2,
Where is materiality applied 3
34
cards
12. Assertions & Procedures
What is an assertion 1,
Why do auditors use assertions 2,
Name the two categories of assert...
36
cards
13. EVIDENCE & DOCUMENTATION
What is audit evidence 1,
What cas governs audit evidence 2,
Evidence must be 3
38
cards
14. INTERNAL CONTROLS (IC)
What are internal controls 1,
Who designs internal controls 2,
What level of assurance do intern...
35
cards
15. TESTS OF CONTROLS (ToC)
What are tests of controls toc 1,
Why perform toc 2,
If controls are effective what ha...
25
cards
16. SUBSTANSIVE PROCEDURES
What are substantive procedures 1,
Name the two types of substantive...,
What are substantive analytical p...
31
cards
17. SAMPLING
What is audit sampling 1,
What is a population 2,
What is stratification 3
27
cards
18. CASH BALANCES & INVESTMENTS
Why is cash considered high risk 1,
Define cash in the context of fin...,
What are cash equivalents 3
18
cards
19. RRR CYCLE
What is the revenue cycle 1,
What are the key steps in the rev...,
Why is revenue considered high ri...
29
cards
20. PPP Cycle
What is the ppp cycle 1,
What accounts are primarily invol...,
What is the main risk for account...
21
cards
21. Inventory & Distribution Cycle
What are the key phases of the in...,
Why is inventory considered high ...,
What are the main assertions for ...
38
cards
22. PPE (Property, Plant, Equipment)
What is ppe 1,
Why is ppe high risk 2,
What are the key phases of the pp...
39
cards
23. Payroll Cycle
What are the key phases of payroll 1,
Why is payroll considered high ri...,
What are the main payroll asserti...
34
cards
24. Documentation
What is audit documentation 1,
Which cas governs audit documenta...,
Why is documentation important 3
24
cards
25. Concluding & Completion Procedures
What happens in the concluding st...,
What is a misstatement 2,
What are the three types of misst...
29
cards
26. Reporting Considerations
What is the purpose of the indepe...,
Under which cas is the auditor s ...,
When is the audit report dated 3
27
cards
27. Reviews & Compilations
What is the difference between au...,
What are the three main types of ...,
Does each engagement provide an o...
27
cards
28. Other Engagements
What are other engagements 1,
Do all other engagements provide ...,
What are special purpose financia...
26
cards
More about
CPA Assurance (Simple Study Guide)
- Full test name Unspecified
- Test acronym Unspecified
The creator of this class did not yet add a description for what is included in this class.
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....
Looking for something else?
CPA®
- 22 decks
- 1,938 flashcards
- 3,093 learners
Packs:
CPA (1) AUD, CPA (2) FAR, CPA (3) REG, And more!
