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John McFarlin
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Decks in this class (57)
Professional Responsibilities
What engagements are covered by t...,
What must an accountant have unde...,
What are threats and safeguards t...
27
cards
Internal Control
If internal control is poor and a...,
If internal control is poor what ...,
What does internal control provid...
43
cards
International Auditing
Who created the international aud...,
For whom were iaasb international...,
What financial approach is used u...
8
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
Evidence and Risk
What is the majority of an audito...,
Of what does audit evidence consi...,
What is the relationship between ...
52
cards
Engagement Planning
What is the primary duty of an au...,
What is the auditor s responsibil...,
When should an auditor be hired i...
53
cards
Final Review
What is the basis in stock repurc...,
Is a bank liable to the drawer if...,
What is the basis in a new buildi...
106
cards
Audit Sampling
What is audit sampling 1,
What are the characteristics of s...,
What are the characteristics of n...
36
cards
Audit Reports
What should be included for the a...,
What is management responsible fo...,
What is management responsible fo...
27
cards
Secured Transactions
When does a security interest att...,
What are the characteristics of p...,
How does perfection occur in a se...
6
cards
Sales Law
What sales are covered under the ...,
What elements are needed for a sa...,
What are the elements of a firm o...
11
cards
Property Law
What does real property include 1,
What are the characteristics of a...,
What are the characteristics of a...
9
cards
Professional Responsibilities
What is the purpose of a consulti...,
What is required by the statement...,
What is the difference between ex...
18
cards
JOBS Act
What is the revenue limit for an ...,
For an emerging growth company ip...,
How did reg d rule 506 change und...
5
cards
Federal Securities Acts
What are the key points of the 19...,
What entities are exempt from fil...,
What are the key points of the 19...
16
cards
Employment Environment Law
Describe the federal unemployment...,
What are the major aspects of fic...,
When is an employee covered by wo...
7
cards
Dodd Frank
What is considered the biggest ch...,
What is the goal of the volcker r...,
How does the volcker rule limit b...
4
cards
Contracts
What must a contract contain 1,
What forms may acceptance of a co...,
Who can accept an offer 3
17
cards
Commercial Paper
What is a promissory note 1,
What is a draft 2,
What is a check 3
20
cards
Business Structures
What are the key elements of a va...,
Can corporations and other partne...,
Name the basics of partnership fo...
50
cards
Bankruptcy
What are the basic actions that o...,
For what debts does bankruptcy no...,
How does bankruptcy of a corporat...
29
cards
Agency Law
What is agency law 1,
What is required for agency to ex...,
What is actual authority in an ag...
13
cards
Property Transactions
What is the basic calculation for...,
What is the recipient or donee s ...,
What is the basis and holding per...
20
cards
Partnership Taxation
True or false partnerships are a ...,
When exchanging property for a pa...,
What is a partner s basis in part...
32
cards
Individual Taxation
Under what accounting basis are i...,
What are the deductions to arrive...,
Which items can be carried over t...
67
cards
Multi-jurisdictional Tax
What is the interstate income act...,
What are the principles of the in...,
What is the uniform division of i...
5
cards
Review
Corporation is liable for torts o...,
Debtor pays debt to original cred...,
S corp distributions in excess of...
161
cards
Estate Trust Taxation
How is gift taxation different fr...,
What is the annual exclusion amou...,
If a gift is an annuity what valu...
24
cards
Corporate Taxation
How is shareholder basis calculat...,
How is shareholder basis calculat...,
What basis do shareholders and co...
46
cards
Business Law
3 ways that an accountant can cha...,
Is there a requirement for writte...,
Should a cpa warn clients about t...
129
cards
Federal Taxation
Gifted property basis not for gif...,
Sale of equipment or inventory in...,
Land held for investment is what ...
96
cards
Audit Evidence - Concepts & Standards
Three categories of management as...,
4 assertions for account balances...,
4 assertions for presentation and...
4
cards
Final - Ch .20
A tort is a breach of contract fo...,
An auditor can be sued by a clien...,
General standard of performance o...
4
cards
Test 2 - Ch.9
Expected misstatement is directly...,
When a auditor determines based o...,
A number of factors influence the...
21
cards
Test 2 - Ch.8
The risk of incorrect rejection r...,
Efficiency relates to what type o...,
Provides a means of mathematicall...
20
cards
Test 2 - Ch.7
In a public company management mu...,
According to pcaob who is respons...,
Section 404 of sox requires the a...
25
cards
Test 2 - Ch.6
A substantive strategy is used wh...,
Once a level of control risk has ...,
Potential benefits of an entity s...
27
cards
Chapter 8
The selection and evaluation of l...,
Two forms of audit sampling 2,
Research suggest what type of aud...
37
cards
Chapter 7
The auditor should evaluate wheth...,
Management s report should state ...,
Management should identify materi...
24
cards
Chapter 6
Auditors obtain an understanding ...,
Internal controls are designed to...,
The five major components of inte...
27
cards
Chapter 5
Comparing a sample of shipping do...,
In testing the existence assertio...,
The measure of reliability of aud...
37
cards
Chapter 4
What 2 concepts are pervasive in ...,
The statement that the audit obta...,
What two components make up risk ...
32
cards
Chapter 3
What factor would most likely cau...,
What do auditors prepare engement...,
What are 3 key factors to conside...
29
cards
Chapter 2
What type of activities do intern...,
What is the name of an audit that...,
What is an integrates audit 3
17
cards
Chapter 19
The agency organization that gove...,
A cpa while performing an audit s...,
Solicitation of cpa exam questions 3
13
cards
Chapter 1
The basic purpose of a financial ...,
What is audit risk 2,
Decision makers demand reliable i...
22
cards
Inventory
Gross margin 1,
Margin on cost 2,
Beg inv purchases 3
4
cards
Receivables
What type of discount is a trade ...,
What type of discount is a cash d...,
Name the two methods of recording...
5
cards
Ratios
Working capital 1,
Working capital ratio 2,
Working capital ratio is also cal...
21
cards
Income Statement Transaction Classification
Gain on disposal of plant asset 1,
Unearned revenue 2,
Cumulative effect of change from ...
19
cards
Basic SEC Info
What purpose does accounting and ...,
Annoucement that provide the sec ...,
Issued by the sec formal pronounc...
20
cards
International Accounting Standards Board
Objectives of the ifrs foundation 1
1
cards
Fair Value Framework
Fair value 1,
What are the major purposes inten...,
Market participants 3
3
cards
Conceptual Framework for Financial Reporting
3 components of relevance 1,
What is the process of converting...,
What is the process of formally r...
16
cards
Planning Activities
In charge auditor would have resp...,
The auditor should establish perf...,
Materiality can be appropriately ...
35
cards
Internal Control - Concepts and Standards
The 3 objectives of internal cont...,
3 risk assessment procedures that...,
The 5 interrelated components of ...
9
cards
Financial Statement Audits
Types of interpretive publications 1,
10 original aicpa auditing standa...,
3 main categories of the 10 audit...
29
cards
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