Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Acct 465 - Chp14

IA terms from chapter 14

QuestionAnswer
A finding, determination, or judgment derived from the internal auditor's test results from an assurance or consulting engagement Observation
Indicates that a control has a remote likelihood of failing or that the impact of its failure is trivial Insignificant
Indicates that a control has a more than remote likelihood of failing and that the impact of its failure is more than trivial Significant
Indicates that a control has a more than remote likelihood of failing and that the impact of its failure exceeds that materiality threshold. Material
-Criteria -Condition -Cause -Effects All part of.. Elements of an observation
What should exist Criteria
What does exist Condition
Why there is a difference between what should exist and what does exist Cause
The consequence of the difference between what should exist and what does exist Effect
Suggested corrective actions to correct the condition Recommendation
The vehicle through which the internal audit function informs interested parties of engagement outcomes Final communication
What is or is not included within an engagement Scope
The internal audit function's assessment of the design adequacy and operating effectiveness of the controls subject to audit Conclusion
The assignation of a numeric or descriptive appraisal of engagement results for the purpose of comparing or trending them with other engagement results Rating System
A rating or conclusion by the internal auditor that provides specific assurances about an engagement Positive Assurance
A rating or conclusion indicating that nothing negative has come to the internal auditor's attention Negative Assurance
Communication regarding insignificant observations related to secondary controls that might be compromised Informal communication
It is important to ensure readers of an audit communication under what the ratings used by the internal audit function mean Rating definitions
-Accurate -Objective -Clear -Concise -Constructive -Complete -Timely What ________ must be Quality communications
An unintentional misstatement or omission by the internal audit function of significant information in the final engagement communication Error
Created by: cwdorris
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards