PwC Acronym
This acronym is used to identify comments/feedback made on an EGA.
What is a CN (Coaching Note).
The PwC site used to access the audit guide.
Whats is Viewpoint?
What is Plan view?
Our overall goal as auditors is to obtain this
What is audit evidence?
(assurance is also accepted)
What is the formal name of PwC?
What is PricewaterhouseCoopers?
Extensions of PwC engagement teams that are diverse, global talent hubs focused on delivering value to our clients – working with global client engagement teams across the PwC network.
What are ACs (Accelerated Centers)?
The Public Audit Guide section that relates to risk and response.
What is 5000?
The name for a workpaper in Aura.
What is an EGA?
An example of how we use test of details that involves reaching out to third parties such as banks to verify account balances or other details.
What are confirmations?
These are known as the Big 4.
What is PwC, Deloitte, EY, and KPMG?
A popular acronym used to describe a segment of a company's financial reports.
What is FSLI (Financial Statement Line Item)?
PwC Audit 5601.1.3 includes this to determine which of the three methods of testing to perform.
What is the Decision Tree?
What is G. Elle's Gelato?
The Test of Details method that is used to test a particular attribute or characteristic, rather than to estimate the value of a potential monetary misstatement in an account or population.
What is Accept/Reject Testing?
The place where PwC is headquartered.
What is London?
The PwC team that is most commonly used for evaluating design and testing operating effectiveness of our client’s IT systems, including monitoring controls over third party providers.
What is DAT (Digital Assurance and Transparency)?
A section that is only available for PwC professionals to access in Viewpoint that contains guides and practice aids for use in performing our audit work.
What is Template Manager?
The name of the Aura functionality that has to be completed in order for an EGA to be prepared?
What is the wizard?
The accounting standards adopted by the SEC that we as auditors must follow in the US.
What is GAAP?
As a result of Enron and other scandals, this law was enacted to help regulate practices in financial record keeping and reporting for corporations.
What is Sarbanes-Oxley (SOX)?
This is used to describe a group comprised of associates through partners who function remotely as part of the extended client engagement team and develop specialized skill sets through the standardization of procedures.
What is the COE (Centers of Excellence)?
When conducting physical inventory counts, this step requires you to perform tie-out procedures after the inventory observation.
What is step 4?
The Aura view that allows you to see your individual or team tasks and responsibilities along with due dates.
What is the Dashboard?
A condition or state of mind in which an individual is able to make decisions free from control or influence of other individuals, conditions or circumstances.
What is Independence?
The year PwC was officially created.
What is 1998?