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8 Cards in this Set

  • Front
  • Back

What is a preliminary survey good for?

to become familiar with activities, risks and controls

What are the 6 components of a preliminary survey?

1) engagement client input


2) analytical procedures


3) interviews


4) prior audit reports


5) process mappings


6) checklists

What is an analytical procedure assessment based on?

on the comparison of procedure results with auditor's expectations

What are the two types of a questionnaire?

1) internal control questionnaire


2) pre-interview questionnaire

What are the four types of an interview?

1) preliminary interview


2) fact-gathering interview


3) follow-up interview


4) exit interview

What are 4 other data gathering techniques?

1) observation


2) checklists


3) internal surveys


4) external sources

What must IA do with regard to risk when planning an engagement?

- preliminary risk assessment

What are the 4 pivotal aspects of the preliminary risk assessment?

- reliability of management's assessment of risk


- management's process for monitoring, reporting, and resolving risk and control issues


- management's reporting of events that exceeded the organization's risk appetite


- risks in related activities