NASBA Field of Study
Components and principles of internal control
Concepts associated with the COSO framework
Management responsibilities vs. auditor responsibilities
Common significant accounting processes
Fraud risks for major classes of transactions
Tools and techniques used for internal control documentation
Identify what is audit data analytics (ADA).
Recall how audit data analytics fits within the audit process, from risk assessment through forming an opinion.
Identify the basic audit procedures that use audit data analytics.
Auditors performing and reporting on their audit engagements