Financial Audit Chapter 1-2

What is the other word that has similar meaning with financial auditor

• investor

• internal auditor

• external/independence auditor

• management

Which one is considered as one of the Big Four Audit Firm

• PKF

• BDO

• RSM

• KPMG

auditor mindset to behave or ask of questions about something suspicious

• confidentiality

• professional skepticism

• independence

• objective

letter of agreement or work contract between the auditor and the client

• engagement letter

• acceptance letter

• letter of interest

• memoirs of undestanding

This one is NOT element of fraud triangle

• rationalization

• pressure

• opportunity

• capabilities

Long association between assurance firm and client or client personnel

• Intimidation Threat

• Familiarity Threat

• Self-review Threat

• Self-interest Threat

Auditor failed to detect material misstatement or fraud in client financial statement, but did not involve in the case

• Negligence

• Fraud

• Independence

• Due care

has the function of supervising and monitoring corporation's top management

• government auditor

• audit committee

• audit internal

• audit external