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Introduction to Auditing and Internal Control

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

By: Lance Vermeulen
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Decks in this class (10)

An Introduction to Auditing
What are the 4 types of auditors 1,
Who must all auditors be independ...,
What is the purpose of external a...
30  cards
Preliminary and Planning Phase
What is the audit process 1,
What are the preliminary phase ac...,
What is audit risk 3
21  cards
Internal Control Evaluation
What are the 2 types of controls 1,
What should internal controls aim...,
What are the 5 components of inte...
7  cards
Revenue and Receipts Cycle
What is the revenue cycle 1,
What are the 2 phases of the reve...,
How is the revenue process genera...
7  cards
Acquisition and Payments Cycle
What is the acquisitions cycle 1,
What are the 6 types of acquisiti...,
What are the 6 types of acquisiti...
5  cards
Payroll cycle
What are the 2 most significant a...,
What is an inherent risk in the p...
2  cards
Inventory and Production Cycle
What is the inventory and product...,
What is the inventory and product...,
How should inventory be recognised 3
6  cards
Finance Cycle
What are the two funding types 1,
What are 4 finance cycle controls 2,
What can lessees not recognise 3
5  cards
Investment Cycle
What are the 2 subsequent measure...,
What is the cost model 2,
What is the revaluation method 3
14  cards
Audit Adjustments and Forming an Opinion
What is a going concern 1,
How does a going concern make imp...
2  cards

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Introduction to Auditing and Internal Control

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  • 290 flashcards
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