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8 Cards in this Set
- Front
- Back
Assessment Inquiry
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inquiry to corroborate or contradict prior info obtained
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Earnings Management
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deliberate actions taken by mgmt to meet earnings objectives
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Fraud Risk Factors
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entity factors that increase risk of fraud
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Fraud Triangle
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represents the three conditions of fraud
1. incentives/pressures 2. opportunities 3. attitudes/rationalization |
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Income Smoothing
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form of earnings mgmt in which revenues and expenses are shifted between periods to reduce fluctuations in earnings
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Informational Inquiry
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inquiry to obtain info about facts and details the auditor does not have
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Interrogative Inquiry
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inquiry used to determine if the interviewee is being deceptive or purposefully omitting disclosure of key knowledge of facts, events, or circumstances
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Professional Skepticism
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an attitude of the auditor that neither assumes managemenn is dishonest nor assumes unquestioned honesty
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