Accounting Information Systems: The Processes and Controls, 2nd Edition

KEY TERMS

Adverse opinion	Authenticity tests
Application controls	Balancing tests
Assurance services	Benford's Law
Audit completion/reporting phase	Certified Fraud Examiner (CFE)
Audit evidence	Certified Public Accountant (CPA)
Audit program	Compliance audits
Audit trail tests	Computer-assisted audit techniques (CAATs)
Auditing around the computer	Continuous auditing
Auditing Standards Board (ASB)	Data analysis software (DAS)
Auditing through the computer	Disclaimer
Auditing with the computer	Embedded audit module
External audit	Operational audits
Field checks	Parallel simulation
Financial statement audits	Penetration tests
Financial totals	Planning phase
Forensic auditing	Professional skepticism
General controls	Program mapping
Generalized audit software (GAS)	Program tracing
Generally accepted auditing standards (GAAS)	Public Company Accounting Oversight Board (PCAOB)
Governmental auditors	Qualified opinion
Hash totals	Reasonableness tests
Information risk	Reconciliation
Information Systems Audit and Control Association (ISACA)	Redundancy tests
Integrated test facility	Risk
Internal auditors	Rounding errors tests
Internal Auditing Standards Board (IASB)	Run-to-run totals
International Auditing and Assurance Standards Board (IAASB)	Sampling
IT auditors	SAS No.94
IT outsourcing	SOC reports
Letter of representations	Substantive testing
Limit tests	Test data method
Loss of audit trail visibility	Tests of controls