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Maria S
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Decks in this class (58)
Code of Professional Conduct
The code has three parts,
Six major principles of professio...,
Objectivity and independence prin
18
cards
Title Choices
Ssars ar,
Statements on standards for attes...,
Statements and quality control st...
8
cards
MIPPs Into and Framework
What is conceptual framework,
Seven broad categories of threats,
Management participation threat
10
cards
Conflitcs of Int, Directorship and Gifts
Conflicts of interest should ask,
Two main types of conflicts,
Identification means
6
cards
Reporting Income and Subordination of Judgement
Three items that violate the code...
1
cards
Advocacy, TSPs, Gen Standards and Acct Principles
Client advocacy,
Use of tsps third party srvc prov...,
If client objects to tsps
11
cards
Discreditable Acts
What are discreditable acts,
Four types of records requests,
What is a client prepared record
10
cards
Fees
What are contingent fees,
Members shall not receive conting...,
Referral fees and commissions are...
6
cards
Advertising and Confidentiality
Promotional efforts are a discred...,
General rule of confidentiality,
It is a _______ to inappropriatel...
6
cards
Form of Organization and Names
What are the basic rules of form ...,
Ownership of separate business if...,
Ownership of separate business if...
5
cards
Introduction to MIPPs Independence Rules
Meaning of independence,
Members of public practice shall,
4 threats of independence
8
cards
Reissues, Engagement Letters, ADR and Unpaid Fees
What are reissued reports,
What is an engagement contractual...,
What does alternative dispute res...
7
cards
Overview and Unsolicited Financial Interest
Mipps may not own what in an atte...,
If a mipps interests are both ind...,
Financial interest means
9
cards
Mutual Funds and Retirement Plans
Owning mutual funds are not an in...,
Owning mutual funds is an indepen...,
When covered members or immediate...
4
cards
Partnership, 529, Trust and Estate, Employee Benefits Plan
What authority does a general par...,
Llcs if member managed has,
Llcs if agent managed has
8
cards
Depository account, Brokerage account and Insurance policies
A covered members brokerage accou...,
Insurance policies are impaired when
2
cards
Laons, leases and business relationships
What is a lease that impairs inde...,
Joint financial investments are p...,
Joint financial investments are n...
3
cards
Family Relationships
Immediate family spouse spouse eq...,
Immediate family spouse spouse eq...,
Close relatives parents sibling n...
3
cards
Current Employment
Honorary director or trustee of a...,
When working for a campaign treas...,
Members of fund raising organizat...
4
cards
Subsequent Employment
When a team member or person of i...,
A firms independence is impaired ...,
Sarbanes oxley says when audit me...
3
cards
Other Association and Relationships
When does a gift not impair indep...,
Litigation between client and mem...,
Litigation between client and mem...
3
cards
Nonaudit services - Code provisions
When performing non audit work me...,
3 general requirements for perfor...,
If general requirements are met t...
4
cards
Members in Business
What is a member in business,
Whats the one conceptual framewor...
2
cards
SEC
Who are covered persons,
Who cannot have direct investment...,
A credit card owned by a lender i...
4
cards
Public Company Accounting Oversight Board (PCAOB)
3 steps a firm must do for preapp...
1
cards
Governmental Accounting Office (GAO)
According to gagas what are their...,
According to gagas what are their...,
For governmental entities there a...
14
cards
Department of Labor (DOL)
Dol will not consider an accounta...,
What is a financial tie,
What is an employment tie
4
cards
Accounting vs Auditing
What is financial accounting,
Who are financial statements dist...,
What is auditing
10
cards
GAAS and Principles
What is gass,
What is the purpose of the 7 gaas...,
What are the primary themes of th...
11
cards
Professional Standards
What are the two types of profess...,
What does unconditional requireme...,
What does presumptively mandatory...
4
cards
Quality Control Standards (SQCS)
What is the purpose of quality co...,
Whats the auditors objective to i...,
Why is a cpa firm required to hav...
16
cards
Overview of Audit Process
What are the 4 steps to engagemen...,
As part of internal control consi...,
If contemplating reliance on cert...
9
cards
Different Types of Engagements
What does ssars stand for,
What is the ssars applicable,
What is a compilation
8
cards
PCAOB Responsibilities
What does pcaob stand for,
What are the 5 primary responsibi...,
Who is pcaob funded by
11
cards
PCAOB on Engagement Quality Review
Whats the applicability of standa...,
Whats the objective of the engage...,
When does an outside reviewer bec...
10
cards
Pre-Engagement Planning Issues
Acceptance and continuance of cli...,
What is terms of engagement,
Whats the auditors objective
11
cards
Planning and Supervision
What does planning an audit mean,
The engagement partner and other ...,
The auditor should address the fo...
7
cards
Materiality
What does materiality in planning...,
What is materiality,
What does materiality mean accord...
8
cards
Audit Risk
What is audit risk,
What is reasonable assurance,
What is the basic auditor respons...
19
cards
Analytical Procedures
What are analytical procedures,
What are the objectives to having...,
What should the auditor do when p...
9
cards
Detecting Fraud
What are the auditors objectives ...,
What is fraud,
What are fraud risk factors
23
cards
Fraud: Evaluation and Communication
When should the auditor evaluate ...,
What 7 things should the auditor ...
2
cards
Detecting Illegal Acts
What is the legal and regularity ...,
What should the auditor do when l...,
What should the auditor do when o...
3
cards
Using the Work of a "Specialist"
What are the objectives to determ...,
Whats an auditors specialist,
Whats a managers specialist
6
cards
Required Communications with Those Charged with Governance
What is the auditors objective wh...,
What matters required to be commu...,
What are samples of other matters...
3
cards
PCAOB on Communications with Audit Committees
What should be communicated to th...,
Who is part of the audit committee,
What is a critical accounting est...
6
cards
Internal Control Concepts 1
How does an auditor obtain an und...,
The auditors internal control ana...,
Whats the transaction cycle
11
cards
Internal Control Concepts 2
What is the preliminary evaluatio...,
What does effective mean,
What does ineffective mean
13
cards
Internal Control Standards 1
What are the requirements the aud...,
Why should an auditor perform ris...,
What are types of risk assessment...
14
cards
Internal Control—Required Communications
What is control deficiency,
What is deficiency in design,
What is deficiency in operation
9
cards
Using the Work of an Internal Audit Function
What is internal audit function,
What are the two ways to use the ...,
What does using the internal audi...
9
cards
Specific Transaction Cycles
What is the meaning of transactio...,
What are transaction cycles,
What are the control activities s...
8
cards
Revenue/Receipts—Sales
Whats the general flow look like ...,
What are the objectives of intern...
2
cards
Revenue/Receipts—Cash
Whats the general flow for proces...,
What are the objectives of intern...
2
cards
Expenditures/Disbursements
Whats the general flow for proces...,
Whats the general flow for proces...,
Whats the objectives of internal ...
6
cards
Payroll Cycle
What are the objectives of intern...
1
cards
Miscellaneous Cycles
What are the major objectives of ...
1
cards
Study topics
Substantive procedures,
Test of details definition,
Substantive analytical procedures
38
cards
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