1. Describe 2 key criteria of audit, what are the 2 key criteria of audit?

2. Creating control & testing control. How do you essentially create and use controls internally to ensure and reduce operational risk to ensure a successful audit

3. Setting parameters for audit, What are parameters, how are parameters set and why it is important? How do we identify what are the appropriate parameters

4. Two key criteria regarding revenue cycle In retrospect to balance sheet, in terms of receivables and payables

5. Explain Sampling, sampling error, sampling shortcoming

6. Control, assert, assessment. How do we establish control?

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