History
Who was the first president of the United States?
Answer: George Washington
What is the formula for Audit Risk?
Inherent Risk X Control Risk X Detection Risk
What is the most abundant gas in the Earth's atmosphere?
Answer: Nitrogen (N₂)
After you identify Risks what is the next step?
Identify RoMMs
I am the largest land carnivore and primarily found in the Arctic region. Who am I?
Polar Bear
What ancient civilization built the pyramids?
The Egyptians
When completing the UTB using reports what are the reports you are recommended to start with?
What planet is known as the Red Planet?
Mars
How often do we confirm our understanding of each routine and non-routine SCOT?
Every Period
I am a nocturnal marsupial known for my ability to glide between trees in Australia. Who am I?
Sugar Glider
What year did the Titanic sink?
1912
What does EDAP stand for?
Executive Discussion and Approval Points
What process do plants use to convert sunlight into energy?
Photosynthesis
After making probing inquiries we note that there have been changes made to the process, what is our next step?
Evaluate the nature and extent of the changes identified
I am a famous playwright and poet from England, known for works like "Hamlet" and "Romeo and Juliet." Who am I?
What was the name of the treaty that marked the end of the Napoleonic Wars in 1815?
Answer: The Treaty of Paris
Why would we look at the JE Postings Between Accounts (Correlation Analysis) and the Other Side of the Journal Entry (OSJE) when completing the UTB?
To gain an understanding of the entity funds and finances its business
What organelle is responsible for protein synthesis in cells?
This auditing concept, which encompasses transactions that are not only material but also carry unique risks due to their nature, complexity, or volume, requires auditors to apply specialized procedures and professional judgment to assess the risk of material misstatement in financial statements
SCOT or Significant Class of Transactions
I am a famous physicist known for my contributions to quantum mechanics and my uncertainty principle. Who am I?
Werner Heisenberg or Heisenberg
What event started World War 1
The assassination of Arch-Duke Franz Ferdinand
There are three criteria used to determine if a RoM is a ROMM
Likelihood of Occurrence and Magnitude of the Potential Misstatement or Likelihood and Magnitude
What is the name of the process by which cells divide to form two identical daughter cells?
Mitosis
Name 3 of the 5 Inherent Risk Factors
Complexity, Subjectivity, Change, Uncertainty, Susceptibility to mistatement due to management bias or other fraud risk factors
I am a mathematician and astronomer known for my laws of planetary motion in the 17th century. Who am I?
Johannes Keplar