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Unformatted text preview: Final Exam Topics List ACCT 407 Chapter 11 Auditor responsibility for fraud Steps in auditors consideration of frauddescribe *0 Staff discussion *1 Obtain information needed to identify risks *2 Identify risks *3 Assess identified risks *4 Respond to results of assessment *5 Evaluate audit evidence *6 Communicate about fraud *7 Document consideration of fraud Be able to recognize risk factors and classify as to type (incentive/pressure, opportunity, attitude/rationalization) Chapter 13 Types of Audit Tests and Procedures Procedures to gain an understanding of the client and the internal control structure Tests of controls Substantive tests analytical procedures substantive tests of details of transactions of balances Relationship between types of tests and types of evidence Order in which tests and procedures occur, key decisions made at each point, and implications of decisions Evidence mix decisions given different risk assessment scenarios and results of analytical procedures...
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- Spring '11
- invoice, Credit memo, appropriate authorization, Evaluate audit evidence, Topics List ACCT