This class was created by Brainscape user Connor Mills. Visit their profile to learn more about the creator.
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Connor Mills
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Decks in this class (17)
1. Concept and need for assurance
What is assurance,
What is an assurance engagement,
What is the nmeumonic of the key ...
15
cards
2: Process of assurance - Obtaining an engagement
How do assurance firms obtain an ...,
What are the 5 acceptance procedures,
Give some factors that could indi...
10
cards
3: Process of assurance: Planning audit
What is the objective of the audi...,
What are the objectives of planni...,
What is the audit strategy
23
cards
4: Process of assurance - Evidence and reporting
Define audit evidence,
What are the two types of tests c...,
How does the strength of controls...
18
cards
5: Introduction to internal control
Define internal control,
Give reasons for internal controls,
What are the limitations of inter...
20
cards
7: Purchases system
Give the stages of a purchase sys...,
Give 2nd stage of a purchase syst...,
Give
5
cards
6: Revenue system
What are the stages of a revenue ...,
What is a control objective give ...,
Give an internal control to reduc...
7
cards
8: Employee costs/Payroll cycle
Give first stage of a the wages s...,
Give 2nd stage of the wages salar...,
Give last stage of the wages sala...
4
cards
9: Internal audit
What is the reason for an interna...,
Who do internal vs external audit...,
What does the work relate to for ...
8
cards
10: Documentation
What is audit documentation,
Why does audit work need to be do...,
What are other non essential reas...
12
cards
11: Evidence and sampling
What are the two types of test,
What are the procedures to obtain...,
Explain analytical procedures and...
34
cards
12: Written representations
What are the contents of a writte...,
What are general matters related ...,
Why might other representations b...
5
cards
13: Substansive procedures - key financial statment figures
Give 6 risks of material misstate...,
How is r d classified,
Give 4 risks of mistatement for i...
27
cards
14: Codes of professional ethics
What are sources of ethical guidance,
What are the advantages of a fram...,
What are icaew fundamental princi...
8
cards
15: Integrity, objectivity and independence
Why does objectivity and independ...,
What are threats to this,
What are self interest threats sa...
26
cards
16: Confidentiality
What are risks of confidentiality,
Give security procedures to preve...,
When is disclosure allowed
10
cards
mnemonics
Explain the nmeumonic,
What items must be included in an...,
11
cards
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assurance
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