- •6.050106 “Облік і аудит” для студентів іі курсу
- •6.050106 “Облік і аудит” для студентів іі курсу
- •Передмова
- •Lesson 1 the reading module
- •I. Reading Exercises:
- •The speaking module
- •II. Speaking Exercises:
- •The writing module
- •III. Writing exercises:
- •Such as; also; of; about; for.
- •Lesson 2 the reading module
- •I. Reading Exercises:
- •The speaking module
- •II. Speaking Exercises:
- •The writing module
- •III. Writing exercises:
- •About; of; in; with; in accordance; of.
- •Lesson 3 the reading module Read the text: What is an audit?
- •What an Auditor Does
- •I. Reading Exercises:
- •The speaking module
- •II. Speaking Exercises:
- •The writing module
- •III. Writing exercises:
- •To; of; as a whole; to; of; as to.
- •Lesson 4 the reading module
- •I. Reading Exercises:
- •The speaking module
- •II. Speaking Exercises:
- •The writing module
- •III. Writing exercises:
- •Who; from; of; who; to; and.
- •Lesson 5 the reading module
- •I. Reading Exercises:
- •The speaking module
- •II. Speaking Exercises:
- •The writing module
- •III. Writing exercises:
- •Of; with; and; of; and
- •Lesson 6 the reading module
- •I. Reading Exercises:
- •The speaking module
- •II. Speaking Exercises
- •The writing module
- •III. Writing exercises:
- •In; of; on; in order to; by
- •Lesson 7 the reading module Read the text: Concept of audit risk
- •Audit risk concepts
- •I. Reading Exercises:
- •The speaking module
- •II. Speaking Exercises:
- •The writing module
- •III. Writing exercises:
- •Of; as; always; except for; and; in; due to; of; of.
- •Lesson 8
- •The reading module
- •Read the text: Components of audit risk. Audit risk model
- •Components of audit risk
- •Audit risk model
- •I. Reading Exercises:
- •The speaking module
- •II. Speaking Exercises:
- •The writing module
- •III. Writing exercises:
- •Lesson 9 the reading module
- •Audit stages
- •I. Reading Exercises:
- •The speaking module
- •II. Speaking Exercises:
- •The writing module
- •III. Writing exercises:
- •Lesson 10 the reading module Read the text: Concept of cognitive decision making
- •Audit activities
- •I. Reading Exercises:
- •The speaking module
- •II. Speaking Exercises:
- •The writing module
- •III. Writing exercises:
- •Of; as; in; to; set of; with; of; in
I. Reading Exercises:
Exercise 1. Read and memorize using a dictionary:
inappropriate audit opinion, acceptable level, expected reliance, financial statements, evaluation, detection risks, financial statement item, entity, ranges, inherent, be decomposed, be detected |
Exercise 2. Answer the questions:
1) What is Audit risk?
2) What does a financial statement item include?
3) How does audit risk range?
4) What components may Audit risk be initially decomposed?
Exercise 3. Match the left part with the right:
1. The auditor aims are
|
a) by the entity. |
2. The risk will not be detected
|
b) into two components. |
3. Audit risk may be initially decomposed |
c) to achieve an acceptable level of audit risk. |
Exercise 4. Open brackets choosing the right words:
The Glossary to ISAs (gives/defines) audit risk as "the risk that the auditor (opens/expresses) an inappropriate audit opinion when the financial statements (are tired/are misstated) materially.
The speaking module
II. Speaking Exercises:
Exercise 1. Describe two concepts of audit risk; a financial statement item; the risk of material misstatement using the suggested words and expressions:
two concepts of audit risk the acceptable level of audit risk, is based, expected reliance, financial statements, achievable level, evaluations, inherent, detection
|
a financial statement item includes, related notes, financial statements
|
the risk of material misstatement may be decomposed, the inherent risk, material misstatement occurring, risk will not be detected, entity
|
Exercise 2. Ask questions to the given answers:
1) Question: ___________________________________________ ?
Answer: Audit risk is the risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated.
2) Question: ___________________________________________ ?
Answer: In practice, however, audit risk is always greater than zero.
3) Question: ___________________________________________ ?
Answer: Thus, substituting the two components of RMM, audit risk can be mathematically defined as follows: AR = RMMi x (1 - Pr(De)) x (1 - Pr(Da))
The writing module
III. Writing exercises:
Exercise 1. Complete the sentences with the suggested words:
Of; as; always; except for; and; in; due to; of; of.
There is ______ some risk ______ material misstatement ______ it is not possible, ( ______ the audit ______ the simplest ______ financial statements), ______ the limitations inherent ______ both accounting ______ auditing, to be absolutely certain a material misstatement will not exist.
Exercise 2. Compose a story on one of the topics (up to 100 words):
“Audit risk concepts”
“Components of audit risk”