Term
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Definition
| accumulation and evaluation of evidence about infomration to determine and report on the degree of correspondanace between the information and established critiera |
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Term
| Risk-free interest rate, business risk for the customer, and information risk |
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Definition
| what are the three factors that affect the rate of interest |
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Term
remoteness of information
biases and motives of the provider
voluminous Data
COmplex Exchange Transactions |
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Definition
| What are the reasons for unreliable information |
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Term
User Verifies INformation
User shares informatio nrisk wtih management
audited financial statements are provided |
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Definition
| Wha are three ways to reduce information risk? |
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Term
assurance service
CPA's or other professionals |
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Definition
| an independent professional service that improves the quality of information for decision makers....who can do this? |
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Term
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Definition
| What is the category of assurance services that can be done only by CPAs |
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Term
audit of historical f/s
audit of internal control over financial reporting
review of historical f/s
attestation services on IT
other |
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Definition
| What are the five categories of attestation services |
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Term
| mystery shopping, assess risks of accumulation, distribution, and storage of digital information; fraud and illegal acts risk assessment, compliance with trading plicies and procedures, ISO 9000 certifications, etc |
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Definition
| what are examples of other assuranec services |
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Term
| accounting and bookkeeping services, tax services, management consulting services |
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Definition
| What are some nonassurance services provided by CPAs |
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Term
| operational audit, compliance audit, f/s audit |
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Definition
| what are the three primary types of audits |
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Term
| external auditors or independent auditors |
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Definition
| What are two other names for CPA firms to distinguish them from internal auditors |
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Term
| provides the audit function for COngress |
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Definition
| what does the government accountability office auditor do? |
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Term
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Definition
| WHat is the sole audit of the IRS |
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Term
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Definition
| What are internal auditors MAIn audit? |
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Term
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Definition
| What is hemajor difference between internal and external auditors? |
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Term
auding and attestaion
financial acct and reporting
regulation
business environment and concepts |
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Definition
| What are the 4 areas of the CPA examination |
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