Accounting & auditing terms
What does "GAM" stands for?
Global Audit Methodology
Please name the type of controls?
Manual, IT-Dependent manual, Application
Break a...
...leg
I have a neck. I have no head, but I wear a cap. What am I?
Bottle
Are worker bees male or female?
What does "GLA" stands for?
General Ledger Analyzer
Please name the objective of controls
Prevent, Detect and Correct
It's a piece of ...
... cake
2 in a corner, 1 in a room, 0 in a house, but 1 in a shelter. What am I?
letter "r"
How many floors does this building has?
10+B1=11
What does "ELC" stands for?
Entity Level Controls
Which phase of critical path is described:
The point when the transaction is first recorded in the entity’s books and records.
Recording
No pain...
...no gain
If you say my name I disappear. What am I?
Silence
How many males does your batch has?
What does "WT" stands for?
Walkthrough
Please state the CRA of an account given:
Inherent Risk = Lower
Control Risk = Not Rely
Moderate
Hold your ...
... horses
What holds gold inside, but cannot be opened without being broken?
Egg
When did Queen Elizabeth 2 die?
8 Sep 2022
What does "IAASB" stands for?
International Auditing and Assurance Standards Board
What do we do after obtaining understanding of the SCOT?
We confirm our understanding
If it is not documented, ...
... it is not done!
How many seconds are there in a year?
12
What does LGBTQ stand for?
LGBTQ stands for lesbian, gay, bisexual, transgender, questioning.