Top Auditing Flashcards

You can be the smallest or the biggest company out there. No matter how good or bad your financial situation is, you will always have to use auditing in order to clarify the situation within your company. Some have their own departments for such things, but most companies use the services of the biggest auditing firms out there. Their specialty is the topic of our current flashcards.

Auditing refers to a systematic and independent examination of books, accounts, documents and vouchers of an organization to ascertain what? Audits provide third party assurance to various stakeholders that the subject matter is free from what? The word audit is derived from a Latin word "audire" which means what? These are but a taste of the questions that will follow. Check out all of them in our trivia.

Auditing - Exam 1

Cards: 5| Attempts: 170| Last updated: Sep 22, 2015

In Late 2001 Through 2002, The Accounting Pro...

Enron WorldCom

Define Assurance Services. What Are Two Disti...

Assurance Services: Services That Enhance The...

What Is The Most Common Type Of Attest Engage...

Financial Forecasts, Internal Control, Compli...

What Is The Principal Use And Significance Of...

Large: To Give An Accurate Picture To Current...

Auditing Test #1- Chapter 6 Homework Questions

Cards: 30| Attempts: 44| Last updated: Sep 30, 2015

?The Following Questions Concern The Reasons ...

Answer: #2 Different Interest May Exist Betwe...

?The Following Questions Concern The Reasons ...

Answer: #2 Lends Credibility To The Financial...

?The Following Questions Concern The Reasons ...

Answer: #1 Form An Opinion On The Financial S...

?An Independent Auditor Has The Responsibilit...

Answer: Misappropriation Of An Assets Or Grou...

Auditing Test #1- 4 Basic Types Of Audit Reports/ And Other Opinions

Cards: 18| Attempts: 26| Last updated: Sep 30, 2015

?4 Basic Types Of Audit Reports?

1. Unqualified Opinion (the Standard Report)2...

?Standard Unqualified Audit Report?

This Opinion Is Issued When The Following Con...

?Qualified Opinion?

A Qualified Opinion Report Can Result From A ...

?Qualification Of The Scope And Opinion?

When The Auditor Has Been Unable To Accumulat...

Concept Of Audit Risk Model Flashcards

Cards: 32| Attempts: 7| Last updated: Aug 19, 2020

What Are The Three Main Reasons To Plan For A...

To Obtain Sufficient Appropriate Evidence, To...

What Is Acceptable Audit Risk?

How Much You Are Willing To Miss That The Fin...

What Is Inherant Risk?

The Likelihood That There Are Misstatements B...

Client Acceptance And Continuation Facts (1)

It Is Required To Talk To A Previous Auditor ...

Auditing Exam 1

Cards: 21| Attempts: 2| Last updated: Sep 23, 2015

What Is The Point Of The Lemmons Article?

To Argue That Auditing May Not Be Necessary A...

What Is Needed To Do An Audit?

Information In A Verifible Form And Criteria....

What Are The Three Parts That Are Needed For ...

Competence, Independence, And Experience

What Are Different Causes Of Information Risk...

Remoteness Of Information, Volume, Biases, An...