GENERAL
Governing board commonly known as GASB
What is Governmental Accounting Standards Board?
The most liquid account on the balance sheet
What is cash
The founders of Brown Armstrong
Who are Pete and Burt
The color of staff tickmarks
What is red
Brown Armstrong satellite offices.
What are Laguna Hills, Fresno, and Stockton.
Section of the binder known as PSR
What is Planning, Supervision, and Review
Can use either the direct method or indirect method
What is the statement of cash flows
This act, passed in 2002, mandated strict reforms to improve financial disclosures from corporations and prevent accounting fraud.
What is the Sarbanes Oxley Act of 2002
The color of Supervisor/Senior tickmarks
What is green
Items to always remember when going on audit
What is a laptop, external monitor, and mouse
The person to contact when setting off the alarm
Who is Maddy/Madeline
An expense that has been incurred but not yet paid
What is an accrued liability
The number of female partners at BA
What is 4
The risk that a misstatement due to error or fraud that could occur in an assertion and that could be material, individually or in combination with other misstatements, will not be prevented or detected on a timely basis by the company's internal control
What is control risk
Brown Armstrong's managing partner.
Who is Andy Paulden
Auditor's communication with those charged with governance.
What is a SAS-114 letter
Study of percentage changes from year to year.
What is horizontal analysis
Number of years BA has been in business
What is 44
This is what you call something that doesn't exactly meet the attribute of a control test, however it does not constitute a control deficiency
What is an exception
Where timesheets are sent via email.
Who is "Timesheet"
One of our overall objectives as an auditor is to obtain _____ ________ about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, thereby enabling the auditor to express an ______ on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework.
What is Reasonable assurance; opinion
The amount by which a financial statement line item can differ from its true amount without impacting the fair presentation of the entire financial statements.
What is tolerable misstatement (TM)
The BA employee who has worked here the longest.
Who is Sherry Stewart
A way to reduce substantive procedures.
What is control testing
Per Diem when out of town over night
What is $50/day