This class was created by Brainscape user Judy White. Visit their profile to learn more about the creator.

Decks in this class (26)

Professional Responsibilities
What engagements are covered by t...,
What must an accountant have unde...,
What are threats and safeguards t...
27  cards
Audit Reports
What are the requirements for an ...,
How should an audit report be adj...,
When is consistency not violated ...
36  cards
Audit Sampling
What is audit sampling 1,
What are the characteristics of s...,
What are the characteristics of n...
36  cards
Engagement Planning
What is the primary duty of an au...,
What is the auditor s responsibil...,
When should an auditor be hired i...
48  cards
Evidence and Risk
What is the majority of an audito...,
Of what does audit evidence consi...,
What is the relationship between ...
51  cards
Information Technology
When is an audit of it not requir...,
When can an audit of it be perfor...,
What is the role of a database ad...
26  cards
Internal Control
If internal control is poor and a...,
If internal control is poor what ...,
For what does internal control pr...
43  cards
International Auditing
Who created the international aud...,
For whom were iaasb international...,
What financial approach is used u...
8  cards
Stockholders Equity
When common stock and preferred s...,
When is apic recorded on a stock ...,
To what extent is retained earnin...
25  cards
Accounting Changes
How are changes in accounting pri...,
Would a change from completed con...,
Would a change from lifo to fifo ...
10  cards
Bonds Debt Restructure
What is a serial bond 2,
What is a term bond 3,
What is a debenture bond 4
23  cards
Consolidations
When is the fair value method use...,
When is the equity method used wh...,
When are companies required to fi...
7  cards
Current Assets & Liabilities
Q 1,
What is a current asset 2,
What is a current liability 3
12  cards
Deferred Taxes
What is a temporary difference re...,
What is a deferred tax asset 3,
What is a deferred tax liability 4
8  cards
Derivatives Hedging Translation
How are derivatives recorded 2,
How are unrealized gains losses o...,
How are gains and losses on avail...
12  cards
Financial Reporting
What is the primary objective of ...,
What is the most authoritative se...,
What are the 2 levels of authorit...
56  cards
Financial Statements
Which personal financial statemen...,
How are assets and liabilities va...,
How are estimated taxes that woul...
15  cards
Fixed Assets
What expenditures are included in...,
How are research and development ...,
Which expenditures are included i...
15  cards
Governmental Accounting
What is the primary objective of ...,
What are the three major types of...,
Which two accounting bases are us...
25  cards
IFRS
Which organization s standards ar...,
Where is the first place manageme...,
Which framework helps to develop ...
44  cards
Inventory
Which costs are inventoriable 2,
When does ownership of goods tran...,
When does ownership transfer when...
23  cards
Investments
How are trading securities record...,
How are available for sale securi...,
How are held to maturity securiti...
3  cards
Leases
What are the characteristics of a...,
How is a capital lease recorded 3,
What footnote disclosures are req...
10  cards
NFP Accounting
Which financial statements are re...,
What are the major classification...,
What are the major classification...
21  cards
Partnership Accounting
At what value should assets contr...,
How are capital contributions wit...,
If no goodwill is recorded upon a...
4  cards
Statement of Cash Flows
What items are included in operat...,
What items are included in invest...,
What items are included in financ...
5  cards

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Audit

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