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Auditing 4 Notes

This document provides guidance on exam technique and lists terms that are important for auditing. It instructs exam takers to identify and explain issues, formulate questions and procedures, comment on and justify responses, and fully evaluate and review audit work. Key terms covered include risk assessment, corporate governance, audit procedures, substantive procedures, and evaluating audit work for deficiencies and implications.

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Tseke
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26 views

Auditing 4 Notes

This document provides guidance on exam technique and lists terms that are important for auditing. It instructs exam takers to identify and explain issues, formulate questions and procedures, comment on and justify responses, and fully evaluate and review audit work. Key terms covered include risk assessment, corporate governance, audit procedures, substantive procedures, and evaluating audit work for deficiencies and implications.

Uploaded by

Tseke
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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REQUIRED (EXAM TECHNIQUE)

IDENTIFY AND EXPLAIN


EXPLAIN(if, how, whether, the) FORMULATE(Procedures, Questions, Test of controls)
COMMENT(on, upon)
PROVIDE(response, procedures, risk, calculations)
DISCUSS
GIVE REASONS
DESCRIBE
JUSTIFY
RESPOND(to)
LIST(the)
FULLY EVALUATE
SET OUT
ADVICE
REVIEW
CRITICIZE(response, audit work)
SUGGEST

AUDIT TERMS
RISK ASSESSMENT
ASSESSMENT
CORPORATE GOVERNANCE
STATUTORY
CONCERNS
AUDIT PROCEDURES
KEY BUSINESS RISK
SUBSTANTIVE PROCEDURES
PLANNING PROCEDURES

APPROPRIATENESS
AUDIT WORK
EVALUATE
DEFICIENCIES
IMPLICATIONS

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