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7 Cards in this Set
- Front
- Back
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What standard does international accounting follow?
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International Standards on Auditing (ISA)
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Who creates ISA?
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International Auditing and Assurance Standards Board (IAASB) - Member of the International Federation of Accountants (IFAC)
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IAASB standards are based on a ____ approach
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Risk Assessment
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International vs. US Audit Standards
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No IC audits
No referencing another firm Less detailed docs Require written fraud assessment Require location of auditor home office |
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Who sets the International Ethics Standards
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International Ethics Standards Board for Accountants (IESBA)
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What are the three sections of the International Ethics Standards
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1. Covers All Accountants
2. Covers Public Accountants 3. Covers Accountants in a Business Environment |
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What are the standards for All Accountants?
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COCDIP
Competence Objectivity Confidentiality Due Care Integrity Professionalism |
