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Assurance Final
> Week 7 - Accounting System DO THIS > Flashcards
Week 7 - Accounting System DO THIS Flashcards
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Assurance Final
(114 decks)
Week 2 - Why is Assurance Necessary?
Week 2 - Why are Shareholders Considered to be the Most Important Stakeholder?
Week 2 - Assurance System
Week 2 - Limitations of Assurance
Week 2 - Key Elements
Week 2 - Getting a New Client
Week 2 - Engagement
Week 2 - Preconditions
Week 2 - To Consider Before Accepting an Audit Engagement
Week 2 - Due Diligence
Week 2 - Engagement Preconditions
Week 2 - Replacing a Previous Auditor
Week 2 - Money Laundering Regulations
Week 2 - Subsequent to Accepting Nomination
Week 2 - Once Appointed
Week 2 - Letter of Engagement
Week 2 - When to Send an Engagement Letter
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Week 3 - The Audit Process
Week 3 - Pre-audit Activities
Week 3 - Planning
Week 3 - Fieldwork
Week 3 - Completion
Week 3 - Audit Risk
Week 3 - Inherent Risk
Week 3 - Control Risk
Week 3 - Detection Risk
Week 3 - Detection Risk Challenges
Week 3 - Links to Planning
Week 3 - Potential Sources of Inherent Risk
Week 3 - Factors that make up Theft/Fraud
Week 3 - Significant Risks
Week 3 - Why is There a Need for Ethics
Week 3 - Professional Ethics Hope to Provide
Week 3 - Ethical Guide
Week 3 - ICAEW Five Fundamental Principles
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Week 4 - Substantive Procedures
Week 4 - Independence and Objectivity
Week 4 - Approach to Independence Question
Week 4 - Threats to Independence
Week 4 - To Make Ethical Decisions
Week 4 - What to do to Protect Independence
Week 4 - Other Safeguards
Week 4 - Ethical / Independence Scenario Possible Actions
Week 4 - Approach to Answering Question about Ethical Independence
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Week 5 - Internal Controls
Week 5 - Who is Responsible for Internal Control
Week 5 - Components of Internal Control
Week 5 - Internal Control Objectives
Week 5 - Controls Classification
Week 5 - Categorising Controls
Week 5 - Limitations of Internal Controls
Week 5 - The Auditor and Internal Control
Week 5 - How to Review a Client's System
Week 5 - Ascertain the System
Week 5 - Walk-Through Tests
Week 5 - Recording the System
Week 5 - Corroborate with the Client
Week 5 - Review Overall System of Controls for Reliability
Week 5 - Test the System
Week 5 - Which Controls Should we Test
Week 5 - Evaluate the Reliability of Controls
Week 5 - Steps to Assessing Control Risk
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Week 6 - Components of Internal Control
Week 6 - General Knowledge
Week 6 - What is the Audit Committee Responsible for?
Week 6 - Three Lines of Defence
Week 6 - Requirements
Week 6 - Key Differences Between Internal and External Audit
Week 6 - Relationship between Internal and External Audit
Week 6 - Consider Planned Internal Audit Work
Week 6 - Benefits of Relying on Internal Audit Work
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Week 7 - Management Assertions
Week 7 - Accounting System DO THIS
Week 7 - Journals
Week 7 - Controlling a Set of Accounts
Week 7 - What is Missing
Week 7 - Work We Do Before Year End
Week 7 - Work We Do At Year End
Week 7 - Work We Do After Year End
Week 7 - Test on Balances/Controls
Week 7 - Re-call: Preconditions for an Audit
Week 7 - Assertions When Looking at Statement of Financial Position - Balances at the Period End
Week 7 - Assertions that Relate to Income Statement / Profit or Loss Account
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Week 8 - Year end Testing/Substantive Testing
Week 8 - Audit Evidence
Week 8 - Presentation and Disclosure
Week 8 - Audit Evidence
Week 8 - If the Evidence is Less Reliable
Week 8 - Types of Audit Test
Week 8 - Analytical Procedures
Week 8 - Analytical Procedures at Testing
Week 8 - Mandatory Audit Tests
Week 8 - How to Test - Directional Testing
Week 8 - Journals
Week 8 - Test Journals
Week 8 - Dealing with Deviations
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Week 9 - Re-call - Assertion Test
Week 9 - Recall - Testing Procedures
Week 9 - Evidence
Week 9 - Non-current Assests
Week 9 - NCA - Completeness
Week 9 - NCA - Rights and Obligations
Week 9 - NCA - Valuation
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Week 15 - Integrity, Objectivity and Independence
Week 15 - Why do Independence and Objectivity Matter?
Week 15 - Integrity
