11/22/2024
Acct 4311 Audit Fall 2024
Final Exam Preview
40 m/c questions, 200 points, 100 minutes
Statement on Audit Standards
Purpose of quality control standards
Element of quality control
PCAOB Inspection
Responsibility for statements
Types of organizations
Impair independence
Audit Independence - 2
Code of Ethics Internal Auditors
Priv Sec Litigation Reform Act 1995
Audit Legal Defense
Common Law Liability
Due Care
Rico Act case
Analytic Procedures – 3
Audit Analysis – interesting question
Confirmations
Engagement Letter - 2
Risk of Material Misstatement - 2
Audit objectives
Control Risk
Risk assessment
Internal Control – 3
CAMs
Accounting change
Types of opinions
Going Concern
Comparative fin statements
GAO Standards - 2
Types of audits
Yellow Book
CIA
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