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Hint On Final

This document outlines topics to cover for a multiple choice exam, including: 1) The four types of audit opinions and the conditions under which each is issued. 2) Conditions that cause an explanatory paragraph to be added to a standard report while retaining an unqualified opinion. 3) The three types of opinions on internal control effectiveness and the conditions for each. 4) Key concepts from audit risk model, internal control, audit sampling, and fraud.

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Yomna Attia
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59 views5 pages

Hint On Final

This document outlines topics to cover for a multiple choice exam, including: 1) The four types of audit opinions and the conditions under which each is issued. 2) Conditions that cause an explanatory paragraph to be added to a standard report while retaining an unqualified opinion. 3) The three types of opinions on internal control effectiveness and the conditions for each. 4) Key concepts from audit risk model, internal control, audit sampling, and fraud.

Uploaded by

Yomna Attia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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1.

Name/content of the first three paragraphs of the standard audit report; 17-5

2. Name and meaning of the 4 types of audit opinions/reports; 17-3

3. The different conditions under which a certain type of audit opinions is issued; 17-7

4. conditions that causes adding an e p!anatory paragraph to the standard report whi!e "eeping an un#ua!ified opinion;

5. The name of three types of opinions auditors gi$e for interna! contro! effecti$eness and conditions under which auditors gi$e each of these opinions; 17-1%& 22& 27& 2%

1.

'u!tip!e choices #uestions& co$ering materia!s in the three new chapters after midterm 3 (17& 1)& 21*& p!us the fo!!owing issues in the prior chapters+ ,udit ris" mode!(chapter 5*+ -efer to the ./0 fi!e 1review of risk concept2 for a re$iew. ,t a minimum& must 3e a3!e to answer the fo!!owing #uestions+ definition of components of audit ris" mode!; which components that the auditor can

contro! and cannot contro!; the ro!e of audit ris" mode! in audit engagement; the interactions among the components of audit ris" mode! components. interna! contro!(chapter 4*+ 5676 fi$e e!ements; o38ecti$es of interna! contro!; definitions of each of 5676 e!ements audit samp!ing(chapter %*+ attri3ute samp!ing and do!!ar unit samp!ing; what factors determine samp!e si9e for either attri3ute or /:7 samp!ing; how these factors affect samp!e si9e (i.e. ma"e it sma!!er or !arger*; name and meaning of the two types of samp!ing ris"s. fraud (chapter 4 appendi *+ triang!e theory; fraud indicators; common type of fraud inc!uding "iting& !apping& etc.

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