Audit ch 1A pages 21 - 24

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Joens1313
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275131
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Audit ch 1A pages 21 - 24
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2014-05-22 23:49:31
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cpa
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Audit review ch1 A Gliam
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  1. What does SAS stand for
    Statement on Auditing Standards
  2. Who issues SAS and what does it stand for?
    • SAS - Statement on Auditing Stands
    • are issued by the Auditing Standards Board (ASB)
  3. What does SSARS stand for?
    Statement on Standards for Accounting and Review Services
  4. What does SSCS stand for?
    Statement on Standards for Consulting Services
  5. The Sarbanes-Oxley Act of 2002 resulted in the creation of what?
    The Public Company Accounting Oversight Board (PCAOB)
  6. What are the 3 types of attest engagements?
    Examination, a Review, a Agreed-upon Procedures report.
  7. What is an attest engagements purpose?
    To report or come to an assertion about the subject matter that is the responsibility of another party.
  8. What does SSAE stand for?
    Statements on Standards for Attestation Egagements
  9. What kind of service are Webtrust and Systrust considered?
    Attest engagements.
  10. What are the 11 attestation standards?
    • 1. Training and proficiency in attestation
    • 2. Knowledge of subject matter
    • 3. Suitable and available criteria
    • 4. Independence in mental attitude
    • 5. Due professional care
    • 6. Planning and supervision
    • 7. Sufficient evidence
    • 8. Character of the engagement
    • 9. Conclusion about the subject matter
    • 10. Significant reservations
    • 11. Any restrictions
  11. What are the 11 attestation standards? which are missing?

    1. Training and proficiency in attestation
    2. Knowledge of subject matter
    3. Suitable and available criteria
    4. Independence in mental attitude
    5. Due professional care
    6. Planning and supervision
    7. Sufficient evidence
    8. Character of the engagement
    9. Conclusion about the subject matter
    10.
    11.
    • 1. Training and proficiency in attestation
    • 2. Knowledge of subject matter
    • 3. Suitable and available criteria
    • 4. Independence in mental attitude
    • 5. Due professional care
    • 6. Planning and supervision
    • 7. Sufficient evidence
    • 8. Character of the engagement
    • 9. Conclusion about the subject matter
    • 10. Significant reservations
    • 11. Any restrictions
  12. What are the 11 attestation standards? which are missing?

    1. Training and proficiency in attestation
    2. Knowledge of subject matter
    3.
    4.
    5. Due professional care
    6. Planning and supervision
    7. Sufficient evidence
    8. Character of the engagement
    9. Conclusion about the subject matter
    10.
    11.
    • 1. Training and proficiency in attestation
    • 2. Knowledge of subject matter
    • 3. Suitable and available criteria
    • 4. Independence in mental attitude
    • 5. Due professional care
    • 6. Planning and supervision
    • 7. Sufficient evidence
    • 8. Character of the engagement
    • 9. Conclusion about the subject matter
    • 10. Significant reservations
    • 11. Any restrictions
  13. What are the 11 attestation standards? which are missing?

    1. Training and proficiency in attestation
    2. Knowledge of subject matter
    3. Suitable and available criteria
    4. Independence in mental attitude
    5. Due professional care
    6. Planning and supervision
    7. Sufficient evidence
    8.
    9.
    10. Significant reservations
    11. Any restrictions
    • 1. Training and proficiency in attestation
    • 2. Knowledge of subject matter
    • 3. Suitable and available criteria
    • 4. Independence in mental attitude
    • 5. Due professional care
    • 6. Planning and supervision
    • 7. Sufficient evidence
    • 8. Character of the engagement
    • 9. Conclusion about the subject matter
    • 10. Significant reservations
    • 11. Any restrictions
  14. What are the 11 attestation standards? which are missing?

    1. Training and proficiency in attestation
    2. Knowledge of subject matter
    3. Suitable and available criteria
    4.
    5.
    6.
    7.
    8. Character of the engagement
    9. Conclusion about the subject matter
    10. Significant reservations
    11. Any restrictions
    • 1. Training and proficiency in attestation
    • 2. Knowledge of subject matter
    • 3. Suitable and available criteria
    • 4. Independence in mental attitude
    • 5. Due professional care
    • 6. Planning and supervision
    • 7. Sufficient evidence
    • 8. Character of the engagement
    • 9. Conclusion about the subject matter
    • 10. Significant reservations
    • 11. Any restrictions
  15. What are the 11 attestation standards? which are missing?

    1.
    2.
    3.
    4. Independence in mental attitude
    5. Due professional care
    6. Planning and supervision
    7. Sufficient evidence
    8. Character of the engagement
    9. Conclusion about the subject matter
    10. Significant reservations
    11. Any restrictions
    • 1. Training and proficiency in attestation
    • 2. Knowledge of subject matter
    • 3. Suitable and available criteria
    • 4. Independence in mental attitude
    • 5. Due professional care
    • 6. Planning and supervision
    • 7. Sufficient evidence
    • 8. Character of the engagement
    • 9. Conclusion about the subject matter
    • 10. Significant reservations
    • 11. Any restrictions
  16. What are the 2 levels of attest assurance?
    Positive and Limited (negative)
  17. What is positive assurance?
    Assurance given in reports that express conclusions on the basis of examination
  18. What is Limited (negative) assurance?
    assurance given in reports that express conclusions on the basis of review.

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