Accounting
Autor: S2246213087 • October 26, 2016 • Essay • 290 Words (2 Pages) • 665 Views
Page 1 of 2
- Audit requires ______ level of assurance and other assurance engagement requires ______level of assurance and ____evidence.
- What is audit evidence
- T/F: audits look at all the information that might exist
- Audit work is carried out on _____ basis
- What are included in the testing basis
- What is the definition of tests of controls and substantive procedures
- Results of test of control will affect the assessment of ____
- What is control risk
- To test controls, auditors will use ___ , ______ and _______
- Examples of controls
- T/F: auditors can only rely on the test of control or substantive procedures
- Substantive procedures must be carried out by auditors on material items, examples
- Matter of judgment and most appropriate to analytical procedures and tests of detail
- Substantive analytical procedures and tests of detail are most appropriate to what
- Ways of difference evidence can be obtained by the auditors
- What is sufficient, appropriate evidence
- What is the definition of sufficient and appropriate
- Quantity and quality of evidence required depends on______
- PPT P9
- Tests of control are tests of _____
Substantive tests are tests of the ___ of the process
- Auditors should test the adequacy of ____ first, to determine what
- What will happen if the controls are weak/strong
- PPT P12,13
- What is financial statement assertions
- Classes of transactions, account balances, and presentation of disclosure
- PPT P14,15,16,17 (important)
- What is audit report
- The audit opinion may be either ________ or __________
- What will a modified report occur
- Describe the modified opinion
- What id qualified opinion, adverse opinion, disclaimer opinion and due to what
- PPT P19,20
- What is the content of the audit report/must explicitly opine on what issues
- What is implied opinions
- What are the main components of an audit report
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