'Control risk' presentation slideshows

Internal controls and control testing: Part 3

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Chapter 8

Chapter 8. Audit Sampling: An Overview and Application to Tests of Controls. 2008 The McGraw-Hill Companies, All Rights Reserved. McGraw-Hill/Irwin. Sampling. Primary purpose is to draw inferences about the whole population based on the results of testing of a subset of the population.

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AU 350 SAS 111

AU 350 SAS 111. Audit Sampling C Delano Gray June 14, 2008. Generally accepted auditing standards. General Standards. 1. The audit is to be performed by a person or persons having adequate technical training and proficiency as an auditor. 2. The auditor must maintain independence

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Chapter 11

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Audit Planning and Analytical Procedures

Audit Planning and Analytical Procedures. Chapter 8. Learning Objective 1. Discuss why adequate audit planning is essential. Planning. The work is to be adequately planned, and assistants, if any, are to be properly supervised. Acceptable audit risk. Inherent risk.

1.08k views • 43 slides

JUST IN CASE NOT JUST IN TIME

JUST IN CASE NOT JUST IN TIME. Greg Hutchins PE Quality Plus Engineering 800.COMPETE or 503.233.1012 GregH@QualityPlusEngineering.com. Who is Greg Hutchins?. Principal with Quality Plus Engineering (Q+E), Portland Oregon based supply and project management company.

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Audit Sampling for Tests of Controls and Substantive Tests of Transactions

Audit Sampling for Tests of Controls and Substantive Tests of Transactions. Chapter 14. Learning Objective 1. Explain the concept of representative sampling. Representative Samples. A representative sample is one in which the characteristics in the sample of audit

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Chapter 13

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Completing the Tests in the Sales and Collection Cycle: Accounts Receivable

Completing the Tests in the Sales and Collection Cycle: Accounts Receivable. Chapter 16. Learning Objective 1. Describe the methodology for designing tests of details of balances using the audit risk model. Accounts Receivable Balance-related Audit Objectives. 1. Detail tie-in.

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Ineffective ITGC Impact

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The Impact of Information Technology on the Audit Process

The Impact of Information Technology on the Audit Process. Chapter 11. Learning Objective 1. Describe how IT improves internal control. How Information Technologies Enhance Internal Control. Computer controls replace manual controls. Higher-quality information is available.

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Audit Risk

Audit Risk. The possibility that the auditors may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated This is the risk that the auditors will issue an unqualified opinion on financial statements that contain a material departure from GAAP.

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Audit of the Payroll and Personnel Cycle

Audit of the Payroll and Personnel Cycle Chapter 18 Learning Objective 1 Identify the accounts and transactions in the payroll and personnel cycle. Accounts in the Payroll and Personnel Cycle The overall objective in the audit of the payroll and personnel cycle is to evaluate whether the

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Audit of the Payroll and Personnel Cycle

Audit of the Payroll and Personnel Cycle. Chapter 20. Learning Objective 1. Identify the accounts and transactions in the payroll and personnel cycle. Accounts in the Payroll and Personnel Cycle. The overall objective in the audit of the payroll

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Modern Auditing: Assurance Services and the Integrity of Financial Reporting, 8 th Edition

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Internal Control Basic Concepts

Internal Control Basic Concepts. Why do stores use cash registers?. To safeguard assets To insure accuracy and reliability of accounting data To provide efficiency in operations To encourage adherence to prescribed policies & procedures. Why Consider Internal Controls?.

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Teaching Continuous Risk Management Using A Requirements Management Tool

Teaching Continuous Risk Management Using A Requirements Management Tool. James C. Helm Associate Professor, Systems Engineering School of Science and Computer Engineering 2700 Bay Area Boulevard Houston, Texas 77058-1098 VPN 281-283-3875 FAX 281-283-3870

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Annex I.8

Annex I.8. Risk ranking and filtering. I.8: Risk ranking and filtering. Compare and prioritize risks How to perform? Requires evaluation of multiple diverse quantitative and qualitative factors for each risk

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Annex I.8

Annex I.8. Risk ranking and filtering. I.8: Risk ranking and filtering. Compare and prioritize risks How to perform? Requires evaluation of multiple diverse quantitative and qualitative factors for each risk

699 views • 14 slides