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Auditing

Lectures 1 & 2

Audit fundamentals, auditor responsibilities, reasonable assurance, ethics, skepticism, judgment, and audit evidence.

Question 3 of 31

Sort each statement into the correct group.

Drag each statement into the correct group.

Sort every statement: place all cards into a group, then check your answer.

Statements

12

Drag each statement into the correct group.

Assess significant estimates and assumptions

Look at every transaction

Judge the appropriateness of business activities, strategies, or directors' decisions

Audit other information such as the directors' report

Test the adequacy of all internal controls

Ask formal and informal questions

Examine accounting records, documents, and tangible assets

Check every figure in the financial report

Test some internal controls

Obtain written confirmations

Observe processes or procedures being performed

Comment to shareholders on the quality of directors, management, governance, or risk management procedures and controls

Auditors do

0

Drop matching statements here.

Drop statements here

Auditors don't do

0

Drop matching statements here.

Drop statements here