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According to IAPN 1000, This IAPN uses the term “______________” to refer to the estimation uncertainty associated with fair value measurements. | measurement uncertainty | IAASB-2025-Handbook-Volume-1_page_0795 | isa-md/IAASB-2025-Handbook-Volume-1_page_0795.md |
According to ISA 300, for the audit plan, standard audit programs or checklists drawn up on the assumption of ________________ may be used provided that they are tailored to the circumstances. | few controls | IAASB-2025-Handbook-Volume-1_page_0244 | isa-md/IAASB-2025-Handbook-Volume-1_page_0244.md |
According to ISA 610 (REVISED 2013), In discussing the planned use of their work with the internal audit function as a basis for coordinating the respective activities, it may be useful to address... Materiality for the financial statements as a whole... and ______________. | performance materiality | IAASB-2025-Handbook-Volume-1_page_0583 | isa-md/IAASB-2025-Handbook-Volume-1_page_0583.md |
According to ISA 570 (REVISED), Illustration 2 of the Appendix to this ISA is an example of an auditor’s report containing a ______________ when the auditor has concluded that a material uncertainty exists and that the financial statements are materially misstated due to inadequate disclosure. | qualified opinion | IAASB-2025-Handbook-Volume-1_page_0502 | isa-md/IAASB-2025-Handbook-Volume-1_page_0502.md |
According to ISA 600 (REVISED), the group auditor’s involvement may depend on whether the financial information of an entity has been prepared in accordance with the same ______________ applied to the group financial statements. | accounting policies | IAASB-2025-Handbook-Volume-1_page_0558 | isa-md/IAASB-2025-Handbook-Volume-1_page_0558.md |
According to ISA 230, examples of ______________ include facts which become known to the auditor after the date of the auditor’s report but which existed at that date. | exceptional circumstances | IAASB-2025-Handbook-Volume-1_page_0172 | isa-md/IAASB-2025-Handbook-Volume-1_page_0172.md |
According to ISA 805 (REVISED), For example, ______________ from management about the complete set of financial statements would be replaced by written representations about the presentation of the financial statement or the element in accordance with the applicable financial reporting framework. | written representations | IAASB-2025-Handbook-Volume-1_page_0760 | isa-md/IAASB-2025-Handbook-Volume-1_page_0760.md |
According to ISA 580, corrective measures put in place by those charged with governance may not be sufficient to enable the auditor to issue an ______________ audit opinion. | unmodified | IAASB-2025-Handbook-Volume-1_page_0517 | isa-md/IAASB-2025-Handbook-Volume-1_page_0517.md |
According to ISA 220 (REVISED), The engagement partner shall: (a) Take responsibility for the engagement team undertaking consultation on: (i) Difficult or ______________ matters and matters on which the firm’s policies or procedures require consultation... | contentious | IAASB-2025-Handbook-Volume-1_page_0143 | isa-md/IAASB-2025-Handbook-Volume-1_page_0143.md |
According to IAPN 1000, Understanding the legal, regulatory, and tax implications resulting from the financial instruments, including whether the contracts are __________ by the entity (for example, reviewing the underlying contracts), may require specialized skills and knowledge. | enforceable | IAASB-2025-Handbook-Volume-1_page_0808 | isa-md/IAASB-2025-Handbook-Volume-1_page_0808.md |
According to IAPN 1000, The organizational structure, such as the existence of an internal department responsible for developing models to value certain instruments, particularly where ______________ inputs are involved. | level 3 | IAASB-2025-Handbook-Volume-1_page_0814 | isa-md/IAASB-2025-Handbook-Volume-1_page_0814.md |
According to ISA 610 (REVISED 2013), The external auditor shall include in the audit documentation the evaluation of the existence and significance of threats to the ______________ of the internal auditors, and the level of competence of the internal auditors used to provide direct assistance. | objectivity | IAASB-2025-Handbook-Volume-1_page_0578 | isa-md/IAASB-2025-Handbook-Volume-1_page_0578.md |
According to ISA 265, The audit included consideration of internal control relevant to the preparation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the ______________ of internal control. | effectiveness | IAASB-2025-Handbook-Volume-1_page_0234 | isa-md/IAASB-2025-Handbook-Volume-1_page_0234.md |
According to ISA 330, if audit evidence from a previous audit’s substantive procedures is to be used, audit procedures must be performed during the current period to establish its ______________. | continuing relevance | IAASB-2025-Handbook-Volume-1_page_0347 | isa-md/IAASB-2025-Handbook-Volume-1_page_0347.md |
According to ISA 315 (REVISED 2019), Key performance indicators (financial and non-financial) and key ratios, trends and ______________. | operating statistics | IAASB-2025-Handbook-Volume-1_page_0271 | isa-md/IAASB-2025-Handbook-Volume-1_page_0271.md |
According to ISA 330, For example, in performing a previous audit, the auditor may have determined that an ______________ control was functioning as intended. | automated | IAASB-2025-Handbook-Volume-1_page_0343 | isa-md/IAASB-2025-Handbook-Volume-1_page_0343.md |
According to ISA 220 (REVISED), Engagement team – All partners and staff performing the audit engagement, and any other individuals who perform audit procedures on the engagement, excluding an auditor’s ______________ and internal auditors who provide direct assistance on an engagement. | external expert | IAASB-2025-Handbook-Volume-1_page_0140 | isa-md/IAASB-2025-Handbook-Volume-1_page_0140.md |
According to ISA 315 (REVISED 2019) APPENDIX 1, A business risk may have an immediate consequence for the risk of material misstatement for classes of transactions, account balances, and disclosures at the ______________ or the financial statement level. | assertion level | IAASB-2025-Handbook-Volume-1_page_0301 | isa-md/IAASB-2025-Handbook-Volume-1_page_0301.md |
According to TARGET_SECTION, In circumstances when the auditor's opinion is ______________, consideration may be given as to whether the other information is also materially misstated for the same matter as, or a related matter to, the matter giving rise to the opinion on the financial statements. | qualified | IAASB-2025-Handbook-Volume-1_page_0713 | isa-md/IAASB-2025-Handbook-Volume-1_page_0713.md |
According to ISA 700 (REVISED), To be regarded as being prepared in accordance with both frameworks, the financial statements need to comply with both frameworks simultaneously and without any need for ______________ statements. | reconciling | IAASB-2025-Handbook-Volume-1_page_0611 | isa-md/IAASB-2025-Handbook-Volume-1_page_0611.md |
According to ISA 520, For example, information may be more reliable when it is obtained from ______________. | independent sources outside the entity | IAASB-2025-Handbook-Volume-1_page_0411 | isa-md/IAASB-2025-Handbook-Volume-1_page_0411.md |
According to ISA 260 (REVISED), The oversight of management by those charged with governance includes ensuring that the entity designs, implements and maintains appropriate internal control with regard to ______________, effectiveness and efficiency of operations and compliance with applicable laws and regulations. | reliability of financial reporting | IAASB-2025-Handbook-Volume-1_page_0226 | isa-md/IAASB-2025-Handbook-Volume-1_page_0226.md |
According to ISA 600 (REVISED), There is a pervasive risk of material misstatement of the group financial statements due to the existence of events or conditions at the component that may be relevant to the group auditor’s evaluation of group management’s assessment of the group’s ability to continue as a _____________... | going concern | IAASB-2025-Handbook-Volume-1_page_0556 | isa-md/IAASB-2025-Handbook-Volume-1_page_0556.md |
According to ISA 710, the auditor shall request ______________ for all periods referred to in the auditor’s opinion. | written representations | IAASB-2025-Handbook-Volume-1_page_0689 | isa-md/IAASB-2025-Handbook-Volume-1_page_0689.md |
According to ISA 230, Examples of significant matters include: Matters that give rise to ______________ (as defined in ISA 315 (Revised 2019)). | significant risks | IAASB-2025-Handbook-Volume-1_page_0170 | isa-md/IAASB-2025-Handbook-Volume-1_page_0170.md |
According to ISA 505, The auditor shall investigate exceptions to determine whether or not they are indicative of ______________. | misstatements | IAASB-2025-Handbook-Volume-1_page_0393 | isa-md/IAASB-2025-Handbook-Volume-1_page_0393.md |
According to ISA 260 (REVISED), In the case of an audit of special purpose financial statements, whether the auditor also audits the entity’s ______________ financial statements. | general purpose | IAASB-2025-Handbook-Volume-1_page_0228 | isa-md/IAASB-2025-Handbook-Volume-1_page_0228.md |
According to ISA 220 (REVISED), ______________, which is a tendency to place more weight on information that corroborates an existing belief than information that contradicts or casts doubt on that belief. | Confirmation bias | IAASB-2025-Handbook-Volume-1_page_0150 | isa-md/IAASB-2025-Handbook-Volume-1_page_0150.md |
According to ISA 701, the auditor’s professional judgments include the determination, from the matters communicated with those charged with governance, of the matters that required __________... | significant auditor attention | IAASB-2025-Handbook-Volume-1_page_0649 | isa-md/IAASB-2025-Handbook-Volume-1_page_0649.md |
According to ISA 701, when the auditor expresses a qualified or adverse opinion, presenting the description of a matter giving rise to a modified opinion in the ______________ section helps to promote intended users' understanding and to identify such circumstances when they occur. | Basis for Qualified (Adverse) Opinion | IAASB-2025-Handbook-Volume-1_page_0639 | isa-md/IAASB-2025-Handbook-Volume-1_page_0639.md |
According to ISA 220 (REVISED), The engagement partner shall determine that members of the engagement team, and any auditor’s external experts and internal auditors who provide direct assistance who are not part of the engagement team, collectively have the appropriate competence and ______________, including sufficien... | capabilities | IAASB-2025-Handbook-Volume-1_page_0143 | isa-md/IAASB-2025-Handbook-Volume-1_page_0143.md |
According to ISA 220 (REVISED), information provided by the firm may be relevant to the audit engagement when, for example, it relates to findings from the local firm office or ______________ of previous audits of the entity. | inspection results | IAASB-2025-Handbook-Volume-1_page_0163 | isa-md/IAASB-2025-Handbook-Volume-1_page_0163.md |
According to ISA 510, An initial audit engagement is an engagement in which either the financial statements for the prior period were not audited or the financial statements for the prior period were audited by a ______________. | predecessor auditor | IAASB-2025-Handbook-Volume-1_page_0400 | isa-md/IAASB-2025-Handbook-Volume-1_page_0400.md |
According to ISA 315 (REVISED 2019), Even when the auditor does not plan to test the operating effectiveness of identified controls, the auditor’s understanding may still affect the design of the nature, timing and extent of ______________ audit procedures that are responsive to the related risks of material misstateme... | substantive | IAASB-2025-Handbook-Volume-1_page_0279 | isa-md/IAASB-2025-Handbook-Volume-1_page_0279.md |
According to ISA 500, because the threat to objectivity created by being an employee of the entity will always be present, an expert ______________ by the entity cannot ordinarily be regarded as being more likely to be objective than other employees of the entity. | employed | IAASB-2025-Handbook-Volume-1_page_0379 | isa-md/IAASB-2025-Handbook-Volume-1_page_0379.md |
According to ISA 610 (REVISED 2013), the external auditor shall evaluate the extent to which the internal audit function's ______________ and relevant policies and procedures support the objectivity of the internal auditors. | organizational status | IAASB-2025-Handbook-Volume-1_page_0574 | isa-md/IAASB-2025-Handbook-Volume-1_page_0574.md |
According to ISA 300, for example, audit evidence obtained through the performance of ________________ may contradict the audit evidence obtained through tests of controls. | substantive procedures | IAASB-2025-Handbook-Volume-1_page_0244 | isa-md/IAASB-2025-Handbook-Volume-1_page_0244.md |
According to ISA 240, In complex considerations regarding reporting fraud, the auditor may consider consulting internally or on a confidential basis with a regulator or ______________. | professional body | IAASB-2025-Handbook-Volume-1_page_0194 | isa-md/IAASB-2025-Handbook-Volume-1_page_0194.md |
According to ISA 706 (REVISED), where the inclusion of an Other Matter paragraph on a particular matter in the auditor’s report recurs on each ______________, the auditor may determine that it is unnecessary to repeat the communication on each engagement... | successive engagement | IAASB-2025-Handbook-Volume-1_page_0679 | isa-md/IAASB-2025-Handbook-Volume-1_page_0679.md |
According to ISA 265, in the public sector, significant deficiencies may have to be communicated to the ______________ or other governing body. | legislature | IAASB-2025-Handbook-Volume-1_page_0239 | isa-md/IAASB-2025-Handbook-Volume-1_page_0239.md |
According to ISA 620, Such discussion differs from ______________ with an auditor’s expert regarding a specific set of circumstances encountered on the engagement. | consultation | IAASB-2025-Handbook-Volume-1_page_0590 | isa-md/IAASB-2025-Handbook-Volume-1_page_0590.md |
According to ISA 550, Matters that may be addressed in the discussion among the engagement team include an emphasis on the importance of maintaining __________ throughout the audit regarding the potential for material misstatement associated with related party relationships and transactions. | professional skepticism | IAASB-2025-Handbook-Volume-1_page_0474 | isa-md/IAASB-2025-Handbook-Volume-1_page_0474.md |
According to ISA 315 (REVISED 2019), In identifying and assessing the risks of material misstatement, the auditor shall take into account all audit evidence obtained from the risk assessment procedures, whether ______________ or contradictory to assertions made by management. | corroborative | IAASB-2025-Handbook-Volume-1_page_0257 | isa-md/IAASB-2025-Handbook-Volume-1_page_0257.md |
According to ISA 610 (REVISED 2013), Prior to using internal auditors to provide ______________ for purposes of the audit, the external auditor shall obtain written agreement from an authorized representative of the entity that the internal auditors will be allowed to follow the external auditor’s instructions. | direct assistance | IAASB-2025-Handbook-Volume-1_page_0578 | isa-md/IAASB-2025-Handbook-Volume-1_page_0578.md |
According to ISA 620, When the auditor's expert's work is to develop an auditor's point estimate or an auditor's ______________ for comparison with management's point estimate, the auditor's procedures may be primarily directed to evaluating the assumptions and methods, including models where appropriate, used by the a... | range | IAASB-2025-Handbook-Volume-1_page_0596 | isa-md/IAASB-2025-Handbook-Volume-1_page_0596.md |
According to IAPN 1000, If the auditor is unable to test how management made the estimate, the auditor may choose to develop a point estimate or ______________. | range | IAASB-2025-Handbook-Volume-1_page_0816 | isa-md/IAASB-2025-Handbook-Volume-1_page_0816.md |
According to ISA 200, ______________ are defined as the person(s) or organization(s) with responsibility for overseeing the strategic direction of the entity and obligations related to the accountability of the entity. | Those charged with governance | IAASB-2025-Handbook-Volume-1_page_0110 | isa-md/IAASB-2025-Handbook-Volume-1_page_0110.md |
According to ISA 720 (REVISED), Remaining alert for other indications that the other information appears to be materially misstated could potentially result in the auditor identifying such matters as: Differences between the other information and the general knowledge... or An ______________ inconsistency in the other ... | internal | IAASB-2025-Handbook-Volume-1_page_0710 | isa-md/IAASB-2025-Handbook-Volume-1_page_0710.md |
According to IAPN 1000, where valuation of financial instruments is based on unobservable inputs (that is, level ___ inputs), matters that the auditor may consider include how management supports the identification of marketplace participants. | 3 | IAASB-2025-Handbook-Volume-1_page_0817 | isa-md/IAASB-2025-Handbook-Volume-1_page_0817.md |
According to ISA 540 (REVISED), Arbitrary changes result in inconsistent financial statements over time and may give rise to financial statement misstatements or may be an indicator of possible ______________. | management bias | IAASB-2025-Handbook-Volume-1_page_0452 | isa-md/IAASB-2025-Handbook-Volume-1_page_0452.md |
According to ISA 510, If the auditor concludes that the opening balances contain a misstatement that materially affects the current period’s financial statements, and the effect is not appropriately accounted for, the auditor shall express a qualified opinion or an ______________ opinion. | adverse | IAASB-2025-Handbook-Volume-1_page_0400 | isa-md/IAASB-2025-Handbook-Volume-1_page_0400.md |
According to ISA 706 (REVISED), The Emphasis of Matter paragraph shall refer only to information presented or disclosed in the ______________. | financial statements | IAASB-2025-Handbook-Volume-1_page_0676 | isa-md/IAASB-2025-Handbook-Volume-1_page_0676.md |
According to ISA 200, Some financial reporting frameworks are fair presentation frameworks, while others are ______________. | compliance frameworks | IAASB-2025-Handbook-Volume-1_page_0112 | isa-md/IAASB-2025-Handbook-Volume-1_page_0112.md |
According to ISA 600 (REVISED), the group auditor may request a component auditor to perform ______________ procedures to assist in identifying events occurring between the component financial information date and the group auditor’s report date. | subsequent events | IAASB-2025-Handbook-Volume-1_page_0558 | isa-md/IAASB-2025-Handbook-Volume-1_page_0558.md |
According to ISA 805 (REVISED), This ISA assists in this regard when applied to an audit of other historical financial information, such as a ______________ financial statement or a specific element of a financial statement. | single | IAASB-2025-Handbook-Volume-1_page_0758 | isa-md/IAASB-2025-Handbook-Volume-1_page_0758.md |
According to ISA 540 (REVISED), The auditor may not possess the specialized skills or knowledge necessary when the matter involved is in a field other than accounting or auditing and may need to use an ______________. | auditor’s expert | IAASB-2025-Handbook-Volume-1_page_0447 | isa-md/IAASB-2025-Handbook-Volume-1_page_0447.md |
According to ISA 240, The existence and enforcement of a written code of __________. | conduct | IAASB-2025-Handbook-Volume-1_page_0187 | isa-md/IAASB-2025-Handbook-Volume-1_page_0187.md |
According to ISA 705 (REVISED), When financial statements are materially misstated and the effects are judged to be material and pervasive, the auditor shall express an ______________ opinion. | Adverse | IAASB-2025-Handbook-Volume-1_page_0655 | isa-md/IAASB-2025-Handbook-Volume-1_page_0655.md |
According to IAPN 1000, Whether the quotes are indicative prices, indicative spread, or ______________ offers; and | binding | IAASB-2025-Handbook-Volume-1_page_0804 | isa-md/IAASB-2025-Handbook-Volume-1_page_0804.md |
According to ISA 600 (REVISED), The group auditor shall determine whether, and the extent to which, it is necessary to review additional ______________. | component auditor audit documentation | IAASB-2025-Handbook-Volume-1_page_0533 | isa-md/IAASB-2025-Handbook-Volume-1_page_0533.md |
According to ISA 810 (REVISED), the preparation of summary financial statements requires management to determine the information that needs to be reflected in the summary financial statements so that they are consistent, in all material respects, with or represent a fair summary of the ______________. | audited financial statements | IAASB-2025-Handbook-Volume-1_page_0780 | isa-md/IAASB-2025-Handbook-Volume-1_page_0780.md |
According to ISA 315 (REVISED 2019), Risk assessment procedures to obtain audit evidence about the design and implementation of identified controls in the control activities component may include inquiring of entity personnel, observing the application of specific controls, and inspecting documents and reports. _______... | Inquiry alone | IAASB-2025-Handbook-Volume-1_page_0288 | isa-md/IAASB-2025-Handbook-Volume-1_page_0288.md |
According to ISA 315 (REVISED 2019), For some entities whose nature and circumstances are more complex, such as those operating in the insurance or banking industries, performance or financial position may be measured against regulatory requirements (e.g., regulatory ratio requirements such as capital adequacy and ____... | liquidity | IAASB-2025-Handbook-Volume-1_page_0271 | isa-md/IAASB-2025-Handbook-Volume-1_page_0271.md |
According to ISA 315 (REVISED 2019), The distinction between the owners, those charged with ______________ and management is a key matter to understand in the entity’s organizational structure. | governance | IAASB-2025-Handbook-Volume-1_page_0267 | isa-md/IAASB-2025-Handbook-Volume-1_page_0267.md |
Where management has issued the financial statements despite the auditor’s notification not to issue the financial statements to third parties, the auditor’s course of action to prevent reliance on the auditor’s report on the financial statements depends upon the auditor’s ______________. | legal rights and obligations | IAASB-2025-Handbook-Volume-1_page_0489 | isa-md/IAASB-2025-Handbook-Volume-1_page_0489.md |
According to ISA 705 (REVISED), if the nature of the matter is an inability to obtain sufficient appropriate audit evidence and the effects are material and ______________, the auditor shall express a disclaimer of opinion. | pervasive | IAASB-2025-Handbook-Volume-1_page_0654 | isa-md/IAASB-2025-Handbook-Volume-1_page_0654.md |
According to ISA 500, Tests of controls are designed to evaluate the ______________ of controls in preventing, or detecting and correcting, material misstatements at the assertion level. | operating effectiveness | IAASB-2025-Handbook-Volume-1_page_0375 | isa-md/IAASB-2025-Handbook-Volume-1_page_0375.md |
According to ISA 600 (REVISED), In a group audit there may be a higher risk of material misstatement... associated with related party relationships when... There are ______________ related party transactions between entities and business units. | numerous or frequent | IAASB-2025-Handbook-Volume-1_page_0552 | isa-md/IAASB-2025-Handbook-Volume-1_page_0552.md |
According to ISA 700 (REVISED), Significant auditor judgments relating to areas in the financial statements that involved significant management judgment, including accounting estimates that have been identified as having ____________ estimation uncertainty. | high | IAASB-2025-Handbook-Volume-1_page_0615 | isa-md/IAASB-2025-Handbook-Volume-1_page_0615.md |
According to ISA 220 (REVISED), In relation to a system of quality management, a ______________ is a policy or procedure designed and implemented by the firm to address one or more quality risk(s). | Response | IAASB-2025-Handbook-Volume-1_page_0141 | isa-md/IAASB-2025-Handbook-Volume-1_page_0141.md |
According to ISA 320, Performance materiality is set at an amount __________ materiality for the financial statements as a whole to reduce aggregation risk to an appropriately low level. | less than | IAASB-2025-Handbook-Volume-1_page_0332 | isa-md/IAASB-2025-Handbook-Volume-1_page_0332.md |
According to ISA 330, the auditor shall design and perform tests of controls to obtain sufficient appropriate audit evidence as to the ______________ of controls if the auditor's assessment of risks includes an expectation that the controls are operating effectively. | operating effectiveness | IAASB-2025-Handbook-Volume-1_page_0335 | isa-md/IAASB-2025-Handbook-Volume-1_page_0335.md |
According to ISA 600 (REVISED), For example, if the group auditor has identified a component that includes a _______________, an increase in the extent of direction and supervision of the component auditor and a more detailed review of the component auditor’s audit documentation may be appropriate. | significant risk | IAASB-2025-Handbook-Volume-1_page_0545 | isa-md/IAASB-2025-Handbook-Volume-1_page_0545.md |
According to ISA 315 (REVISED 2019), The auditor may use automated tools and techniques to understand flows of transactions and processing as part of the auditor’s procedures to understand the ______________. | information system | IAASB-2025-Handbook-Volume-1_page_0267 | isa-md/IAASB-2025-Handbook-Volume-1_page_0267.md |
According to ISA 610 (REVISED 2013), an ______________ is defined as a function of an entity that performs assurance and consulting activities designed to evaluate and improve the effectiveness of the entity's governance, risk management and internal control processes. | Internal audit function | IAASB-2025-Handbook-Volume-1_page_0574 | isa-md/IAASB-2025-Handbook-Volume-1_page_0574.md |
According to ISA 500, Analytical procedures consist of evaluations of financial information through analysis of plausible relationships among both financial and ______________ data. | non-financial | IAASB-2025-Handbook-Volume-1_page_0376 | isa-md/IAASB-2025-Handbook-Volume-1_page_0376.md |
According to ISA 200, The financial statements may be prepared in accordance with a financial reporting framework designed to meet the financial information needs of specific users (that is, ______________ financial statements). | special purpose | IAASB-2025-Handbook-Volume-1_page_0111 | isa-md/IAASB-2025-Handbook-Volume-1_page_0111.md |
According to ISA 520, For example, when obtaining audit evidence regarding the ______________ assertion for accounts receivable balances, the auditor may apply analytical procedures to an aging of customers’ accounts in addition to performing tests of details on subsequent cash receipts to determine the collectability ... | valuation | IAASB-2025-Handbook-Volume-1_page_0411 | isa-md/IAASB-2025-Handbook-Volume-1_page_0411.md |
According to ISA 315 (REVISED 2019), The auditor shall determine whether ______________ procedures alone cannot provide sufficient appropriate audit evidence for any of the risks of material misstatement at the assertion level. | substantive | IAASB-2025-Handbook-Volume-1_page_0257 | isa-md/IAASB-2025-Handbook-Volume-1_page_0257.md |
According to ISA 220 (REVISED), Such actions and communications may include specific steps to mitigate impediments that may impair the appropriate exercise of professional skepticism, such as ______________ or resource constraints. | unconscious bias | IAASB-2025-Handbook-Volume-1_page_0140 | isa-md/IAASB-2025-Handbook-Volume-1_page_0140.md |
According to ISA 540 (REVISED), this International Standard is effective for audits of financial statements for periods beginning on or after ______________. | December 15, 2019 | IAASB-2025-Handbook-Volume-1_page_0427 | isa-md/IAASB-2025-Handbook-Volume-1_page_0427.md |
According to ISA 315 (REVISED 2019), In obtaining audit evidence in accordance with paragraph 13, the auditor shall consider information from: (a) The auditor’s procedures regarding acceptance or continuance of the client relationship or the audit engagement; and (b) When applicable, ______________ performed by the eng... | other engagements | IAASB-2025-Handbook-Volume-1_page_0253 | isa-md/IAASB-2025-Handbook-Volume-1_page_0253.md |
According to ISA 330, this International Standard is effective for audits of financial statements for periods beginning on or after ______________. | December 15, 2009 | IAASB-2025-Handbook-Volume-1_page_0335 | isa-md/IAASB-2025-Handbook-Volume-1_page_0335.md |
According to ISA 580, ISA 260 (Revised) requires the auditor to communicate with ______________ the written representations which the auditor has requested from management. | those charged with governance | IAASB-2025-Handbook-Volume-1_page_0518 | isa-md/IAASB-2025-Handbook-Volume-1_page_0518.md |
According to ISA 315 (REVISED 2019), a significant risk is an identified risk of material misstatement for which the assessment of inherent risk is close to the ______________ of inherent risk due to the degree to which inherent risk factors affect the combination of the likelihood of a misstatement occurring and the m... | upper end of the spectrum | IAASB-2025-Handbook-Volume-1_page_0251 | isa-md/IAASB-2025-Handbook-Volume-1_page_0251.md |
According to ISA 240, It may result also from an __________ of revenues through, for example, improperly shifting revenues to a later period. | understatement | IAASB-2025-Handbook-Volume-1_page_0187 | isa-md/IAASB-2025-Handbook-Volume-1_page_0187.md |
According to ISA 250 (REVISED), whether an act constitutes non-compliance with laws and regulations is a matter to be determined by a ______________ or other appropriate adjudicative body, which is ordinarily beyond the auditor’s professional competence to determine. | court | IAASB-2025-Handbook-Volume-1_page_0210 | isa-md/IAASB-2025-Handbook-Volume-1_page_0210.md |
According to ISA 700 (REVISED), the evaluation of whether supplementary information is an integral part of the financial statements is a matter of ______________. | professional judgment | IAASB-2025-Handbook-Volume-1_page_0620 | isa-md/IAASB-2025-Handbook-Volume-1_page_0620.md |
According to ISA 700 (REVISED), The auditor’s report is normally addressed to those for whom the report is prepared, often either to the ______________ or to those charged with governance of the entity whose financial statements are being audited. | shareholders | IAASB-2025-Handbook-Volume-1_page_0612 | isa-md/IAASB-2025-Handbook-Volume-1_page_0612.md |
According to ISA 540 (REVISED) APPENDIX 1, Complexity (i.e., the complexity inherent in the process of making an accounting estimate, before consideration of controls) gives rise to ______________. | inherent risk | IAASB-2025-Handbook-Volume-1_page_0464 | isa-md/IAASB-2025-Handbook-Volume-1_page_0464.md |
According to ISA 600 (REVISED), The group auditor is responsible for determining, on the basis of the audit work performed, whether one or more identified deficiencies, individually or in combination, constitute ______________. | significant deficiencies | IAASB-2025-Handbook-Volume-1_page_0561 | isa-md/IAASB-2025-Handbook-Volume-1_page_0561.md |
According to ISA 250 (REVISED), Identified or suspected non-compliance with laws and regulation is communicated in the auditor’s report when the auditor modifies the opinion in accordance with paragraphs 26–28. In certain other circumstances, the auditor may communicate identified or suspected non-compliance in the aud... | key audit matter | IAASB-2025-Handbook-Volume-1_page_0213 | isa-md/IAASB-2025-Handbook-Volume-1_page_0213.md |
According to ISA 200, The considerations specific to smaller entities included in some ISAs have been developed primarily with ______________ entities in mind. | unlisted | IAASB-2025-Handbook-Volume-1_page_0121 | isa-md/IAASB-2025-Handbook-Volume-1_page_0121.md |
According to ISA 315 (REVISED 2019), in exercising professional judgment as to the assessment of the risk of material misstatement, ______________ may consider the complexity of the regulations and directives, and the risks of non-compliance with authorities. | public sector auditors | IAASB-2025-Handbook-Volume-1_page_0295 | isa-md/IAASB-2025-Handbook-Volume-1_page_0295.md |
According to ISA 700 (REVISED), in addition to the auditor’s signature, in certain jurisdictions, the auditor may be required to declare in the auditor’s report the auditor’s ________________ or the fact that the auditor or firm has been recognized by the appropriate licensing authority. | professional accountancy designation | IAASB-2025-Handbook-Volume-1_page_0617 | isa-md/IAASB-2025-Handbook-Volume-1_page_0617.md |
According to ISA 220 (REVISED), an internal auditor providing direct assistance and an auditor’s external expert whose work is used in the engagement are not members of the ______________. | engagement team | IAASB-2025-Handbook-Volume-1_page_0149 | isa-md/IAASB-2025-Handbook-Volume-1_page_0149.md |
According to ISA 540 (REVISED), the assessment of inherent risk varies on a scale that is referred to as the ______________ of inherent risk. | spectrum | IAASB-2025-Handbook-Volume-1_page_0427 | isa-md/IAASB-2025-Handbook-Volume-1_page_0427.md |
According to ISA 700 (REVISED), if the IESBA Code constitutes all of the ethical requirements relevant to the audit, the statement need not identify a ______________ of origin. | jurisdiction | IAASB-2025-Handbook-Volume-1_page_0614 | isa-md/IAASB-2025-Handbook-Volume-1_page_0614.md |
According to ISA 505, They may also be used to confirm terms of agreements, contracts, or transactions between an entity and other parties, or to confirm the absence of certain conditions, such as a ______________. | side agreement | IAASB-2025-Handbook-Volume-1_page_0393 | isa-md/IAASB-2025-Handbook-Volume-1_page_0393.md |
According to ISA 805 (REVISED), In the case of an audit of a single financial statement or of a specific element of a financial statement, this requirement applies irrespective of whether the auditor is also engaged to audit the entity’s ______________. | complete set of financial statements | IAASB-2025-Handbook-Volume-1_page_0755 | isa-md/IAASB-2025-Handbook-Volume-1_page_0755.md |
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