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Nicole Peck
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Decks in this class (26)
Chapter 1 Section 1: Audited Financial Statements - The Basics
Is there ever a time when you sho...,
What are the responsibilities of ...,
What are the three requirements f...
7
cards
Chapter 1 Section 2: Professional Standards
What are the four sets of standards,
What does the pcaob oversee,
How do you get to audit an issuer
8
cards
Chapter 1 Section 3: Reports on Audited Financial Statements
What 8 things does the auditor ne...,
What is an unmodified opinion,
What is the order of the paragrap...
73
cards
Chapter 1 Section 4: Reports on Comparative Financial Statements
What if this year you find someth...,
What is the format used when the ...,
If the report of the predecessor ...
7
cards
Chapter 1 Section 5: Events Occurring After Year-End
What are the two types of subsequ...,
How are recognized events handled,
How are nonrecognized events handled
10
cards
Chapter 1 Section 6: Reporting on Other Information
What if the document containing t...,
What if the document containing t...,
What are your objectives when rep...
17
cards
Chapter 2 Section 1: Other Engagements, Reports, and Accounting Services
Is gaap required for other engage...,
Give four examples of special pur...,
What three things does the audito...
30
cards
Chapter 2 Section 2: Preparation, Compilation, and Review of Financial Statements
Is assurance provided in preparat...,
Are the following attest services...,
Is independence required for prep...
39
cards
Chapter 2 Section 3: Reporting on Comparative Financial Statements
What do you do if there is a serv...,
What do you do if there is a serv...,
What do you do if other accountan...
5
cards
Chapter 2 Section 4: Review of Interim Financial Information
What procedures are needed for th...,
What standards apply to the audit...,
What is management responsible for
14
cards
Chapter 2 Section 5: Letters for Underwriters
What is a comfort letter,
What is required before you issue...,
Is there restricted use on comfor...
6
cards
Chapter 2 Section 6: Attest Engagements
What can attest engagements repor...,
What is a webtrust engagement,
What is a systrust engagement
29
cards
Chapter 3 Section 1: Engagement Acceptance and Understanding the Assignment
Who does sox apply to,
Who does the auditor report to un...,
What type of audit needs to be pe...
13
cards
Chapter 3 Section 2: Planning and Supervision
Are you allowed to revise the aud...,
What is the engagement partner re...,
What should you do to gain an und...
17
cards
Chapter 3 Section 3: Audit Risk
What is audit risk,
What do misstatements include,
What are factual misstatements
12
cards
Chapter 3 Section 4: Fraud Risk
Whats the difference between erro...,
What does fraudulent financial re...,
What are the fraud risk factors
11
cards
Chapter 3 Section 5: Fraud Risk
What is the difference between fr...,
What is fraudulent financial repo...,
What is misappropriation of assets
14
cards
Chapter 3 Section 6: Compliance with Laws and Regulations
Who is responsible for ensuring t...,
What is the auditors responsibili...,
What does the auditor need to get...
8
cards
Chapter 3 Section 7: Assessing the Risks of Material Misstatement
What steps are taken to assess th...,
What are the risk assessment proc...,
What is the objective of analytic...
8
cards
Chapter 3 Section 8: Internal Control
What are the three categories of ...,
What are the five components of i...,
Define control environment
23
cards
Chapter 3 Section 9: Responding to the Assessed Risks of Material Misstatement
What needs to be planned to respo...,
When is a purely substantive appr...,
When may tests of controls be req...
7
cards
Chapter 4 Section 1: Audit Evidence
Define audit evidence,
What is the objective of substant...,
When is audit evidence gathered
15
cards
Chapter 4 Section 2: Audit Procedures by Transaction Cycle
Do you vouch or trace the revenue...,
Which assertion is influenced by ...,
Who should make the cash deposit
26
cards
Chapter 4 Section 3: Other Audit Procedures
Is a related party transaction ar...,
What are the auditors objectives ...,
What procedures may be included i...
23
cards
Chapter 4 Section 4: Evaluating Audit Findings
When are analytical procedures re...,
Why do you use analytical procedu...,
Define clearly trivial
3
cards
Chapter 4 Appendix I: Financial Ratios
0
cards
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CPA: AUD
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