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11 Cards in this Set
- Front
- Back
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How must engagements be performed? |
with proficiency and due professional care
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What is proficiency about?
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knowledge, skill, and other competencies needed
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What is due professional care about?
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care and skill expected of a reasonably prudent and competent IA
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Who has to assume responsibility for proficiency and due professional care within IA activity? |
CAE ensures that IA activity collectively possesses the skill, knowledge and other competencies
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What does due professional care include?
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conformance with the Code of Ethics
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What are the four levels of professional competence? |
- proficiency
- knowledge - understanding - appreciation |
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In what must IA have proficiency?
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- Internal Audit Standards (Paul Is A Student)
- accounting principles if IA works with financial records |
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In what must IA have knowledge?
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- Fraud and Information Technology (Katie Fixes Information Technology)
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Of what must IA have an understanding?
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- Management Principles (Under My Pillow)
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Of what must IA have an appreciation?
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- accounting
- economics - commercial law - taxation - fraud - information technology An Accounting Education Lets Tim Feel Intelligent |
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What other skills an IA needs to have? |
- human relations
- communication |
