This Auditing test covers auditing duties in the development, examination, review, and analysis of accounting records. It also covers field audits for organizations to assure accounts and other records are in compliance. This assessment is appropriate for candidates that have entry level to one year experience as an auditor. Assessments for Business Income Tax and for Corporate Tax Accounting are also available. Total Questions 37 Question Types Multiple Choice Competencies Tested Auditing PrinciplesRisk ManagementTypes of EngagementsGovernance ElementsConducting EngagementsAuditor's ReportAssurance Engagements TypesControl Knowledge ElementsControl and Governance Elements Tasks Tested Basic Understanding of AuditsDefinitionSAS 70Audit ConceptResponsibilitiesPrimary ObjectiveAudit Planning ProcessAuditing OperationsRisk AvoidanceRisk EquationRisk RetentionRisk Management Prioritization ProcessProcess of CorrectionRisk ReductionRisk ManagementEngagement TypesForms of AuditsPerformance AuditSpecial AuditsIS AuditsOperational AuditsCost AnalysisStudy and Testing of SystemInternal Financial ReviewersNon-obligatory ProcedureFinancial AuditsWorking CapitalFollow-upReasonable CostPlanning DocumentsWork PapersAudit AdjustmentGovernment ProgramsCompliance ReviewsElements of an AuditAudit ResponsibilitiesAccuracy of Financial Statements
