Have an account?
In Mental Model Shift, what is Personal Development?
Personal Development is FROM hesitant TO confident
Personal Development is FROM student TO service professional
Personal Development is FROM theory application TO application
Personal Development is FROM highly confident in an academic setting TO self-aware of gaps
What is CRA (combined risk assessment)?
Inherent risk x Control risk
Audit risk x Control risk
A significant account is an account that could be determined by:
A & B
None of above
When we access inherent risk to be lower and we do not intend to rely on controls, what is our combined risk assessment?
In which phase of the audit is UTB performed?
Scope and Strategy
How many account assertions in Statement of Balance sheet? (1: Existence, 2: Completeness, 3: Rights & Obligations, 4: Valuation, 5: Presentation & Disclosure)
What are account assertions of Sales account?
Existence, Completeness, Measurement and Presentation & Disclosure
Existence, Completeness, Valuation and Presentation & Disclosure
Occurrence, Completeness, Valuation and Presentation & Disclosure
Occurrence, Completeness, Measurement and Presentation & Disclosure
What is the correct flow of the four phases of a SCOTs critical path?
Initiation -> Recording -> Processing -> Reporting
Recording-> Processing -> Reporting -> Initiation
Initiation -> Reporting -> Processing -> Recording
Initiation -> Processing -> Recording -> Reporting
Which is an example of IPE (Information Produced by the Entity)?
Legal contract with a vendor
Notes from an interview with Senior
Account Receivables aging report.
How many main types of Control? (1: Manual control, 2: IT-dependent manual control, 3: Application control, 4: IT general control)
How many days after the date of audit report is archive due?
How did we confirm our understanding?
By walking through the SCOT
By testing the operating effectiveness of controls
By performing test of details
All of above
When the control is manual control and performed weekly, how many minimums of items to test of control?