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

Decks in this class (33)

Chap 7 Audit Evidence
In characteristics of evidence wh...,
In characteristics of evidence wh...,
In characteristics of evidence wh...
14  cards
Chapter 7 Audit Evidence Decisions
Audit _____ is the detailed instr...,
______ procedure is the detailed ...,
An audit program always includes ...
29  cards
Chap 7 Persuasiveness of evidence
T fif an auditor counts inventory...,
The characteristic of reliability...,
If evidence is considered reliabl...
51  cards
Chapt 7 Types of Audit Evidence
Why is documentation widely used ...,
Why is observation rarely suffice...,
What is the broad category of evi...
86  cards
Chap 5 Changed legal environment
What are the factors that contrib...,
T funder common law auditors must...,
The auditor generally owes a duty...
8  cards
chap 5 distinguishing buisness failure, audit failure, and audit risk
What is a business failure,
Many accounting and legal profesi...,
What is the expectation gap
20  cards
chap 5 legal concepts affecting liability
T funder common law cpas have the...,
Occurs when a misstatement is mad...,
Laws that have been developed thr...
40  cards
chap 5 liability to clients
What does the defense contributor...,
What two ideas assist in a nonneg...,
In audits it is often conclusive ...
17  cards
chapt 5 liabiltiy to third parties under common law
Ultramares doctorine broadened in...,
Class of users that the auditor k...,
What are foreseeable users
15  cards
Chap 5 civil liability under the federal securities laws
The securities act of 1933 deals ...,
Sarbanes oxley act of 2002 increa...,
T fthe pcaob has the authority to...
18  cards
chap 5 criminal liability
Accounting principles cnat be rel...,
For accountants federal laws make...,
The sarbanes oxley act of 2002 ma...
5  cards
chap 5 the professions response to legial liability
What are some specific activies t...,
Private securities litigation ref...,
It is also important for cpas to ...
5  cards
chap 6 objective of conducting an audit of financial statements
The issuance of an opinion on int...,
What are the 5 steps to developin...,
An auditors opinion enhances what
7  cards
chap6 managements responsibilities
The sarbanes oxley act requires t...,
What are 3 primary responsiblitie...,
The annual report of many public ...
7  cards
chap 6 auditors responsibilities
In obtaining reasonable assurance...,
Auditing standards indicate reaso...,
The auditors responsibilities reg...
28  cards
Chap 6 Professional Skepticism
What is a questioning mindset,
Self confidence to resist persuas...,
What is interpersonal understanding
14  cards
chap 6 professional judgement
The process of documenting helps ...,
The starting point to an effectiv...,
Once the issue is defined the aud...
26  cards
chap 6 financial statement cycles
Which cycle is the primary focus ...,
Transactions in the acquistion an...,
What is the only cycle that doesn...
28  cards
chap 6 setting audit objectives
Audit objectives for each class o...,
Auditors conduct fs audits using ...,
Audit objectives that relate to t...
10  cards
chap 6 management assertions
The pcaob standards note that man...,
The completeness assertion for pr...,
What are the aicpa assertions abo...
31  cards
chap 6 transaction related audit objectives
What is the general transaction r...,
What is the general transaction r...,
After the general transaction rel...
15  cards
chap 6 balance related and presentation and disclosure related audit objectives
Balance related audit objectives ...,
What does the general balance rel...,
When using blance related audit o...
21  cards
chap 6 how audit objectives are met
What are the 2 categories of phas...,
The auditor performs prcedcures t...,
In order to decide on the appropr...
26  cards
chap 7 analytical procedures
Analytical procedures done in the...,
Who conducts the analytical proce...,
What is one approach to overcome ...
25  cards
chap 7 common financial ratios
What are the 2 ratios creditors a...,
A company ability to generate cas...,
General financial analysis using ...
14  cards
chap 7 audit documentation
Auditing standards state that aud...,
Audit documenation should include...,
The overall objective of audit do...
28  cards
chap 8 planning
What is one of the most important...,
Much of the early planning of aud...,
What are the 3 risks that signifc...
18  cards
chap 8 accept client and perform initial audit planning
What are a couple of reasons cpa ...,
After understanding the client s ...,
The audit strategy considers what
21  cards
chap 8 understand the clients business and industry
What is a related party transaction,
What do corporate minutes include,
What factors hasve increased the ...
30  cards
chap 8 perform preliminary analytical procedures
In identifying areas of specific ...,
What is 2 preliminary analytical ...,
Auditors are required to perform ...
4  cards
chap 8 materiality and materiality for FS as a whole
T fmateriality is not a major con...,
What is often the primary benchma...,
What are the 3 most important fac...
23  cards
chap 8 determine performance materiality
The purpose of allocating the pre...,
Pcaob standards refer to performa...,
Most audit procedures focus on b ...
12  cards
chap 8 estimate mistatement and compare with preliminary judgement
Auditors document all misstatemen...,
What are two types of likely miss...,
Known misstatements are those tha...
4  cards

More about
audit part 2

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Mandy Henderson's Audit Part 2 flashcards for their University of Texas El Paso class now!

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?

ME2019 PART 2
  • 45 decks
  • 2172 flashcards
  • 4 learners
Decks: An Introduction To Medical Microbiology, An Introduction To Bacteria, An Introduction To Viruses, And more!
Audit CPA
  • 34 decks
  • 867 flashcards
  • 30 learners
Decks: Audit Reports, Audit Sampling, Engagement Planning, And more!
FRM Part 2 - LOD
  • 31 decks
  • 1257 flashcards
  • 19 learners
Decks: Topics 1 2, Topics 3 5, Topics 6 9, And more!
Make Flashcards