| # |
Definition |
Sets |
| 1 |
he/she hears |
1 set |
| 2 |
he/she/it hears |
1 set |
| 3 |
1. which audit procedures to use
2. what sample size to select for a given procedure
3. which items to select from the population
4. when to perform the procedures (timing) |
1 set |
| 4 |
scan the cash subsidiary ledger for material overdrafts
evidence type: scanning
asserrtion tested: accuracy, valuation |
1 set |
| 5 |
"frankel et al. (2002) - high nas fees = high das
ashbaugh et al. (2003) - fjn wrong, no relation (except with negative das)
kinney et al. (2004) - tax fees reduce likelihood of restatement, other services increase
paterson & valencia (2011) - repeat tax fees lower, but one-time increase, some evidence of other fees also increasing likelihood of rs" |
1 set |
| 6 |
-obtain cut-off bank statements
-cut-off statements usually cover about a ten-working day period immediately following year-end
-trace deposits in transit from year-end reconciliations to cut-off statement
-trace all cleared prior-year checks to list of outstanding checks
-scan for large or unusual items
-verify that checks dated after year-end are properly recorded in subsequent period |
1 set |
| 7 |
1. customer expectations and management perception of those expectations
2. management perceptions customer expectations and service-quality specifications
3. service quality and service actually delivered
4. customers' expectations of the service provider and their perceptions of provider delivery |
1 set |
| 8 |
1. gain an understanding of client
2. evaluate risk of misstatement (inherent risk)
3. evaluate client internal controls (control risk)
4. develop audit plan |
1 set |
| 9 |
stnd deviation is a measuer of variability which refers to the range of values within the population. sampling risk. variability = uncertainty = larger sampling size |
1 set |
| 10 |
1. "unqualified" opinion-good
2.qualified- didn't have access to some info
3. disclaimer- can't comment, can't issue an opinion
4. adverse- not good, possible fraud. not following accounting rules |
1 set |