SESSION 41 – INDEX 3 Es 3312 A Access controls 1224 Accountability 105 Accountancy work 2704 Accounting estimates 1701 Accounting system 809, 3502, 3901 Accrued expenses 2601, 3722 Acting as a client director 421 Actual or threatened litigation 420 Adverse opinion 3008, 3012 Advocacy threat 405 Agency 105 Allowances 1702 Analytical procedures 910, 1512, 1601, 2708, 3203, 3702, 3706 Analytical review 1111 Anomalous error 1904 Application controls 1210, 1224 Appointment of auditors 216 Appropriate audit eveidence 1504 Assertion based engagements 113 Assertions 1504 Association with senior personnel 418 Assurance engagements under ISAE 3000 116 Assurance services 112 Attribute sampling 1912 Audit appointment 501, 502 Audit committees 311 Audit completion 610, 2902 Audit evidence 1113, 1218, 1405, 1501, 1702, 1802, 1902, 2002, 3104, 3701 Audit evidence procedures 1512, 1515 Audit exemption 211 Audit planning 701, 708 Audit process 110 Audit program 2205, 3701 Audit risk 916, 2707 Audit sampling 1901, 1904 Audit software 2107 Audit strategy 705 Audit team discussions 903, 1106 Auditor responsibility 107, 1105, 1119, 1802, 3103 Auditor’s other reporting responsibilities 3006 Auditor’s report on controls 309 Auditor’s report on financial statements 106, 1407, 1805, 3001, 3107 Authorisation 810, 1304 Authority 207 Automated controls 1217 Automating the audit process 607 B Bank & cash 2501, 2708, 3603, 3607, 3608, 3720, 3904 Bank confirmation letter 2508 Bank reconciliation audit 2505 Bank reports for audit purposes 2508 Best value 3314 British Bankers Association 2508 Business risk 802, 1204, 1213, 1404 Business risk assessment 808, 1107, 1212 Business risk management 803, 3310 C CAATs 2103 Cash flow forecasts 3105 Checklists 606 CIS 1202 Close business relationships 420 Code of Ethics for Professional Accountants 116 Combined Code 308, 313 Commissions 427 Communication with audit committee 315 Communication with management 711, 1114, 1120, 2801 Comparative financial statements 2906 Comparatives 2906 Completion checklists 2902 Compliance testing 1304 Computer information systems (CIS) 1201 Computer-assisted audit techniques 603, 2103 Conceptual framework 403 Conceptual framework - safeguards 406 Conceptual framework - threats 404 Confidentiality 403, 424 Confidentiality of working papers 614 Confirmation 1512, 2409 Conflicts of interest 427 Contingency fees 514 Contingent liabilities 2606 Continuing audits 906 4101 SESSION 41 – INDEX Continuous stocktaking 2308 Control account reconciliation 2406, 2604 Control activities 810 Control design 913 Control effectiveness 1302 Control environment 807 Control implementation 914 Control inherent limitations 812 Control objectives 810, 1317, 3507 Control procedures 1317 Control risk 3501 Control weaknesses 915, 1311, 1317 Corporate governance 302 Corporate governance control requirements 813 Corresponding figures 2906 Critical points 1005 Current audit file 608 Cut-off 1224, 1515, 2304, 2309, 2605, 3711, 3716 D Data availability 1203 Database systems 1225 Detection risk 920 Development of audit & assurance 102 Direct changeover 1207 Direct reporting engagements 113 Direction of audit staff 603, 709 Directional testing 1507 Disagreement qualification 3008 Disclaimer of opinion 3008, 3011 Disclosure checklists 2903 Disposals 2206 Documentation 601, 923, 2004 Documentation techniques 606, 3501 E E-com 1211 E-com legal issues 1215 E-com security risks 1214, 1216 E-com transaction integrity 1216 Eligibility to become an auditor 212 Emphasis of matter 3007 Employment with assurance client 419 Engagement letter 510, 2704 Engagement risk 924 Enquiry 1512 Error projection 1909 Errors 1224, 1306 4102 Ethical conflict resolution 408 Ethics and conduct 402 Ethics in other professional roles 430 Evaluation materiality 1010 Events after the Reporting Period 2909 Examinable documents xi, xii, xiii Except for qualification 3008 Experts 1211, 1802 F Familiarity threat 405 Family relationships 412 Fees 409, 513 File controls 1210 File conversion 1209 Final audit 708 Financial interests 411 Financial processes audit 3315 Flowcharts 3502, 3503 Forum of firms 205 Fraud 1102, 1224 Fraud audit procedures 1112 Fraud risk factors 1107 Fraudulent financial reporting 1103, 1108 Fundamental Principles 402 G General controls 1208 Gifts 410 Going concern 1220, 2310, 3101 Going concern auditor's report modifications 3107 Going concern indicators 3103 H Hospitality Human Resources audit Hybrid tests 410 3318 1310 I IAPS 1013 Electronic Commerce 1211 IAS Presentation of Financial Statements 3013, 3102 IAS 10 Events after the Reporting Period 2909 IAS 16 Property, Plant and Equipment 2205 IAS Inventories 2305 SESSION 41 – INDEX IAS 37 Provisions, Contingent Liabilities and Contingent Assets 2605 IAS 38 Intangible Assets 2203 ICEs 3508 ICQs 3504 Improper disclosure 425 Improper use of information 426 Independence 409, 430 Information processing 811, 1304 Information system 809 Inherent risk 917 Inquiry 1512 Inspection 1512 Intangible assets 2202 Integrity 402, 409, 430 Interim audit 707, 1305 Internal audit 314, 3301 Internal audit benefits 3308 Internal audit disadvantages 3309 Internal audit function 3305 Internal audit reports 3319 Internal control 806, 912, 1203, 1215, 1404, 3601 Internal control evaluation questionnaires 606, 914 Internal control evaluations 3508 Internal control questionnaires 606, 914, 3504 International Accounting Standards Board 203 International Auditing and Assurance Standards Board 206 International Federation of Accountants 202 International Standards on Auditing 107, 206 Internet 1211, 1212 Intimidation threat 406 Inventory 2301, 3709, 3905 Inventory cost formulas 2306 Inventory system 2303 Investments 2206 Invitation to tender 506 ISA 210 Terms of Audit Engagements 510 ISA 230 Audit documentation 602 ISA 240 The Auditor's Responsibility to Consider Fraud in an audit of financial statements 1102 ISA 250 Consideration of Laws and Regulations in an audit of financial statements 1117 4103 ISA 260 Communications of Audit Matters with those Charged with Governance 2803 ISA 300 Planning an audit of financial statements 702 ISA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment 802, 902 ISA 320 Audit Materiality 1002 ISA 402 Audit Considerations Relating to Entities Using Service Organisations 1402 ISA 500 Audit Evidence 1502 ISA 501 Audit evidence – specific items 2307, 2607, 3713 ISA 505 External Confirmation 2409 ISA 510 Initial Engagements – Opening Balances 2904 ISA 520 Analytical Procedures 910 ISA 530 Audit Sampling and Other Selective Testing Procedures 1904 ISA 540 Audit of Accounting Estimates 1702 ISA 560 Subsequent Events 2909 ISA 570 Going Concern 3102 ISA 580 Management Representation 2002 ISA 610 Considering the Work of Internal Audit 3402 ISA 620 Using the Work of an Expert 1801 ISA 700 The Independent Auditor’s Report on a Complete Set of General Purpose Financial Statements 3002 ISA 701 Modifications to the Independent Auditor’s Report 3007 ISA 710 Comparative Financial Statements 2906 ISA 720 Other Information in Documents Containing Audited Financial Statements 2907 ISRE 2400 Engagements to Review Financial Statements 3202 IT audit 3314 J Judgemental sampling Judgmental selection 1912 1903 SESSION 41 – INDEX L Laws and regulations Limitation on scope qualification Limited assurance Litigation and claims Loans Loans and guarantees Logical access controls Lowballing 1117 3008, 3010 114 2607 2501, 3717 413 1209 514 M Management letter 1311 Management representation letter 2005 Management representations 1114, 2001, 2706 Management responsibility 107, 510, 1104, 1118, 2002, 3102 Marketing audit 3317 Materiality 109, 1001, 2708 Matters for partner attention 2902 Microcomputers 1220 Misappropriation of assets 1104, 1110 Misconduct 402 Misstatements 1009, 2908 Modified reports 1806, 3007, 3015 Monitoring controls 811 N Narrative notes 3502 Net realisable value 2306, 3712 New audits 906 Non-compliance with laws and regulations 1119 Non-sampling risk 1904 Non-statistical sampling 1912 Not for profit organisations 2701, 2706 O Objective of an audit 106 Objectivity 402, 409, 430 Observation 1512 OECD principles of Corporate Governance 305, 312 On-line systems 1222 Opening balances 2904 Operational audit 3316 Opinion shopping 424 Other information 2907 4104 Outsourcing internal audit Outsourcing processes Overall audit plan Overdue fees Overstatement testing Ownership of working papers 3308 1219 610 413, 504 1508 615 P Parallel running 1207 Payables confirmation 3719 Payroll 1514, 3608 Performance reviews 811, 1304 Permanent audit file 608 Perpetual inventory system 2308 Personal relationships 412 Physical controls 811, 1304 Physical inventory count 2307, 3713 Pilot operation 1208 Planning 701, 1202, 1403 Planning activities 703 Planning analytical procedures 1603 Planning cycle 702 Planning documentation 710 Planning materiality 1006 Preliminary engagement activities 704 Process alignment 1217 Procurement audit 3316 Professional behaviour 403 Professional codes 401 Professional competence 403 Professional enquiry 503, 1117 Professional judgement 109, 1004 Professional scepticism 109, 1106 Proof in total 1609 Property, plant and equipment 2205, 3707 Provision of other services 413 Provisions 1702, 2602, 2605 Public Interest Oversight Board 205 Purchases 1318, 3507, 3606, 3704, 3903 Q Qualified opinion Qualitative materiality Quantitative materiality Questionnaires 3008, 3011 1006 1004 3502 SESSION 41 – INDEX R Re-appointment of auditor 515 Reasonable assurance 108, 114 Recalculation 1512 Receivables 1514 Receivables confirmation/circularisation 2409, 3719 Recognised Supervisory Bodies 213 Recording significant matters 612 Recurring audit 511 Relevant audit evidence 1504 Reliability of audit evidence 1506 Reliance on internal audit 3401, 3722 Reliance on prior year controls 1307 Removal of auditors 216 Reperformance 1512 Reporting on Compliance with IFRS 3012 Research and development 2203 Research costs 2203 Reservation of title 2310, 3726 Retail method 2305 Retention of working papers 615 Revaluation 2205 Review 1805 Review analytical procedures 1610 Review assignments 3201 Review assignments under ISRE 2400 116 Review engagements 3202 Review of working papers 604, 709 Review program 3801 Review reports 3204 Rights and duties of auditors 215 S Safe custody of working papers 614 Salaries 3705 Sales 1317, 1318, 1509, 1605, 3505, 3602, 3702, 3712, 3902 Sample design 1905 Sample selection 1908 Sample size 1906 Sampling plan 1905 Sampling risk 1904 Scope and authority 207 Second opinions 424 Segregation of duties 811, 1209, 1220, 1304, 2702 Self-interest threat 404 Self-review threat 405 4105 Service organisation reports 1405 Service organizations 1401 Significant risks 923, 1111, 1307 Small businesses 2701 Sources of knowledge 904 Spreadsheet packages 1222 Standard cost 2305 Standardisation of working papers603, 605 Standards on Auditing 209 Statistical sampling 1904, 1911 Statutory audit 201, 210 Stepped changeover 1207 Stewardship 105 Stocktaking 2307 Subsequent events 1704, 2909 Subsidiary questions 3507 Substantive analytical procedures 1308, 1604 Substantive procedures 1308, 1511, 1910, 3601 Sufficient audit evidence 1503 Supervision of audit staff 604, 709 Supplier statement reconciliation 2604 System changeover 1206 T Tangible assets 1502, 1508, 1509, 2201, 2204, 3906 Teeming and lading 2402 Tendering 506 Terms of engagement 510, 3202 Test data 2105 Testing of control effectiveness 1304, 1910 Third party inventory 2310 Tolerable error 1008, 1905 Trade payables 2601, 3722 Trade receivables 1008, 1515, 2401, 3714 Transaction controls 1210 Transaction cycles 3601 Transaction testing 1308, 1318 Transfer of books and papers on appointment 505 Transnational Auditors Committee 205 Treasury audit 3318 True and fair 109 Turnball Guidance on controls 813 Type A report 1405 Type B report 1405 SESSION 41 – INDEX U W Uncorrected misstatements 1009 Understanding the entity 802, 901, 1211, 1403, 2707 Understatement testing 1508 Unqualified opinion 3004, 3013 Wages 1604, 1607, 3608, 3705 Walk-through test 3502 Withdrawal from an engagement 1116, 1120 Working papers 602, 610 V Y Value for money Variables sampling 4106 3312 1912 Year end audit procedures 707