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WorksheetsAQR training - Seniors
Total questions: 7
Worksheet time: 3mins
Who should be assigned to perform fraud risk/significant risk section?
Staff 1
Experience staff/senior
Manager/partner
We don’t need to perform OARP for out-of-scope components related to group reporting
True
False
What should we do if the form on the canvas is out of date?
Keep the form and note to correct next year
Keep the form if key information has been documented
Check to master list and replace the correct form
What do we need to do in the conclusion phase
Read prior year/period workings papers in advance
Consult with Seniors and/or Managers in terms of PSP & OSP
Upload the latest working papers and all audit evidence on Canvas
Is consultation memo required for misstatements with amount higher than PM for PIE entities?
Yes
No
N/A
What kind of team members need to sign independence form in Canvas?
TAX members
TAS members
Interns
Any members who are charged time to the engagements and signed off in Canvas
Which working paper that uncorrected SAD need to be included?
SAD form
Rep letter
Both A & B
