NEW
Font size
WorksheetsGolf day quiz
Total questions: 20
Worksheet time: 7mins
Are all performance measures included in the Performance Reporting AAM?
Yes
No
Only the ones the Director decides
Only material measures
What does ABRA stand for?
Audit Basic Risk Assessment
ABCD gone wrong
Account Balance Risk Assessment
Ancillary Basis for Risk Analysis
How do you know you have the latest version of the ABRA?
Under planned substantive testing there is a column for ‘timing’
ABRA was last updated in November 2018
Incorrect combination of selecting fraud and significant risk will result in the inherent risk column highlighting in yellow
All of the above
The ‘expected effectiveness of controls’ column is the result of your test of controls before revalidation?
Do you really expect me to know this?
True
False
What does "a nut for a jar of tuna" spell backwards?
a nut for a jar of tuna
anut fo raj o rof tun a
ɐunʇ ɟo ɹɐɾ ɐ ɹoɟ ʇnu ɐ
This is beyond my skill set
What does AAM stand for in Performance Reporting AAM?
Auditors Assessment of Measures
All and All Measures
Audit Assurance Matrix
Assurance Audit Matrix
Substantive testing in the ABRA indicates to the auditor
i. The nature, timing and extent of the audit procedures
ii. What audit tests we are going to perform
iii. What type of analytical procedures we will perform
iv. Sample size
v. Substantive test of details
ii, iv, v
i, ii, iii, v
ii,iii,iv,v
ii,iii, v
i, ii, iii, iv
How do you assess completeness of measures in the Performance AAM for crown entities?
Inspect the Statement of Performance Expectations (SPE) and Statement of Intent (SOI) to ensure that all measures have been considered
Inspect the SPE to ensure that all measures have been considered
Inspect the SPE, SOI and estimates vote to ensure that all measures have been considered
Inspect the estimates vote to ensure that all measures have been considered
All other performance measures line in the Performance Reporting AAM is there:
As an example
To delete
To represent all the performance measures which were not selected as material
Should the ABRA and Performance Reporting AAM be discussed as part of the planning meeting?
No, these documents are for discussion between the supervisor, manager and director only
No, these take up a lot of time during the meeting and you can read them before you start the audit
Yes, you can learn about the audit approach and gain an understanding of the risks
ข้อใดกล่าวถึงแนวคิดเชิงคำนวณได้ไม่ถูกต้อง
ป็นการคิดเหมือนหุ่นยนต์
เป็นการแก้ปัญหาแบบมีลำดับขั้นตอน
มีแนวคิดเชิงนามธรรมเป็นหนึ่งในทักษะย่อย
วิธีการแก้ปัญหาที่มนุษย์และคอมพิวเตอร์สามารถเข้าใจร่วมกันได้
What should be the focus of an audit debrief meeting?
Next year’s audit
The best place for lunch
What went well and areas of improvement
Thank God it’s over
Client should have done better
What is the new Audit Strategy document?
Another name for the audit plan
A document that replaces the APM
Planning document that summaries the ABRA into one A4.
What factors do we consider when assessing inherent risk?
High political or stakeholder interest
Unusual or infrequent
High level of estimation
History of errors
All of the above
Can we have a significant risk relating to performance measures?
None of my concern, above my pay grade to decide
No, significant risks only relates to the financial statements and not performance information
Yes, risk of material misstatement could be similar to financial information
Who is the longest serving of these Audit Director?
Stephen Lucy
Ajay Sharma
Kelly Rushton
Clint Ramoo
Karen Young
What would you select in "Expected effectiveness of controls", if you only plan to assess design and implementation of controls (a walk through)
Not tested
Not evaluated
Operationally effective
Don't have a clue
Use of the simplified audit file is not allowed where entity's
audit fee is greater than $50,000 and/or audit hours are greater than 350 hours
False
True
It depends
A proper handshake has which four elements?
clean hands, firm grip, eyes on hands, smile
greasy hands, firm grip, eye contact, smile
clean hands, firm grip, eye contact, smile
clean hands, crushing grip, eye contact ,smile
What is the Maori name for Mount Cook - New Zealand's tallest mountain?
Aorangahi
Aoraki
Aorangahu
Maui
