Substantive procedures - Study guides, Class notes & Summaries

Substantive procedures correct answers audit procedures designed to detect material misstatements at the assertion level and to gather evidence to support management assertions Some risks impact at the F/S level correct answers Management pressure to not violate debt covenants ex. Some risks impact at the assertion level correct answers (transactions/accounts) Auditor's response to risk impact at the F/S level correct answers - Make changes to the NET (nature, extent, timing), as neede...

Complete Test Bank for Audit and Assurance, 2nd Australian Edition by Philomena Leung, Paul Coram, Dominic Canestrari-Soh ; ISBN13: 9781394173457.....(Full Chapters included Chapter 1 to 12)...1. Auditing and governance. 2. Sustainability and contemporary assurance engagements. 3. Financial report audits. 4. Ethics and client evaluation. 5. Understanding the client and their risk. 6. Planning the audit in response to risk. 7. Testing controls. 8. Gathering substantive evidence. 9. Analyt...

Complete Solutions Manual for Audit and Assurance, 2nd Australian Edition by Philomena Leung, Paul Coram, Dominic Canestrari-Soh ; ISBN13: 9781394173457..(Full Chapters included Chapter 1 to 12)...1. Auditing and governance. 2. Sustainability and contemporary assurance engagements. 3. Financial report audits. 4. Ethics and client evaluation. 5. Understanding the client and their risk. 6. Planning the audit in response to risk. 7. Testing controls. 8. Gathering substantive evidence. 9. An...

TEST BANK for Auditing: A Practical Approach with Data Analytics 2nd Edition by Laura Davis Wiley, Raymond N. Johnson and Robyn Moroney. All Chapters 1-16 (Complete Download). TABLE OF CONTENTS Chapter 1 Introduction and Overview of Audit and Assurance Chapter 2 Professionalism and Professional Responsibilities Chapter 3 Risk Assessment Part I: Audit Risk and Audit Strategy Chapter 4 Risk Assessment Part II: Understanding the Client Chapter5 Audit Evidence Chapter 6 Gaining an Understanding of t...

Civil Law Comprehensive codes of written laws or statutes that apply to all legal questions. These systems rely on scholarly interpretations of their codes and constitutions rather than on court decisions Common Law Body of law derived from court decisions as opposed to statutes or constitutions. Doctrine of Stare Decisis Principle that lower courts must follow precedents set by higher courts Substantive Law Classification of law that creates, defines, and regulates parties' rights, dut...

Performance Materiality is also known as _____________. - Tolerable Error Auditor uses Performance Materiality for ____________. - Determining significant accounts, locations, and audit procedures. Performance Materiality is what percent of Planning Materiality? - 75% What happens is Performance Materiality is set too high? - Auditor might not perform sufficient procedures to detect material misstatements. What happens if Performance Materiality is set too low? - Auditor might perform more...

TEST BANK for Auditing: A Practical Approach with Data Analytics 2nd Edition by Laura Davis Wiley, Raymond N. Johnson and Robyn Moroney. All Chapters 1-16 (Complete Download). TABLE OF CONTENTS Chapter 1 Introduction and Overview of Audit and Assurance Chapter 2 Professionalism and Professional Responsibilities Chapter 3 Risk Assessment Part I: Audit Risk and Audit Strategy Chapter 4 Risk Assessment Part II: Understanding the Client Chapter5 Audit Evidence Chapter 6 Gaining an Understanding of t...

TEST BANK for Auditing: A Practical Approach with Data Analytics 2nd Edition by Laura Davis Wiley, Raymond N. Johnson and Robyn Moroney. All Chapters 1-16 (Complete Download). TABLE OF CONTENTS Chapter 1 Introduction and Overview of Audit and Assurance Chapter 2 Professionalism and Professional Responsibilities Chapter 3 Risk Assessment Part I: Audit Risk and Audit Strategy Chapter 4 Risk Assessment Part II: Understanding the Client Chapter5 Audit Evidence Chapter 6 Gaining an Understanding of t...

TEST BANK for Auditing: A Practical Approach with Data Analytics 2nd Edition by Laura Davis Wiley, Raymond N. Johnson and Robyn Moroney. All Chapters 1-16 (Complete Download). TABLE OF CONTENTS Chapter 1 Introduction and Overview of Audit and Assurance Chapter 2 Professionalism and Professional Responsibilities Chapter 3 Risk Assessment Part I: Audit Risk and Audit Strategy Chapter 4 Risk Assessment Part II: Understanding the Client Chapter5 Audit Evidence Chapter 6 Gaining an Understanding of t...

BLEA Pre-Academy Test Questions and Answers Rated A+ What percent of high risk incidents do patrol officers handle before special services arrive? 90% What is the purpose of Patrol Procedures? To learn and develop principles used for patrol work, to maximize your effectiveness and to minimize risk associated with patrol. What are the five primary objectives of patrol procedures? 1. Protect and serve 2. Crime prevention 3. Preserve the peace 4. Enforce all laws 5. Arrest What are the Patrol R...