{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

ch6-11 test review

ch6-11 test review - • Relationship of materiality to...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ACCT 411 summer 2010 Kubichan Chapter 6-11 Exam review Chapter 6 Managements Assertions for transactions, balances and presentation and disclosures Managements responsibility for internal controls Definition of reasonable assurance The auditor’s responsibilities for searching for errors and fraud The auditor’s responsibilities for looking for illegal acts Chapter 7 The competency or relevance of evidence Definitions of vouching and walk-thru When analytical procedures are required Definition of persuasiveness of evidence Analytical procedure requirements Documentation requirements Chapter 8 Engagement letter purpose and content Pre-engagement arrangements such as contacting the predecessor Approval of audit and other fees Definition of acceptable audit risk and inherent risk Getting an understanding of the business Chapter 9 Define materiality, preliminary judgment on materiality, and tolerable misstatement
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: • Relationship of materiality to evidence collection • Allocation of materiality to balance sheet • Define the risk model and how they relate to each other Chapter 10 • Define the COSO objectives and the 5 components of internal control • Separation of duties • SOX requirements of management on the issuance of a statement on the internal controls • Reporting of significant deficiencies and material weaknesses by the auditor • Assessment of control risk for private companies Chapter 11 • Definition of fraud, misappropriation of assets and fraudulent financial reporting • The auditors responsibilities for reporting fraud • The fraud triangle components • SAS 99 requirements for brainstorming and documenting fraud risks • Who commits the frauds...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern