It depends on the size of the item or error judged in the particular circumstances of its omission or misstatement.

In this phase, wrapping-up procedures are performed; conclusions reached are reviewed, and an overall opinion is formed. 

This pertains to characteristics of events or conditions that affect susceptibility to misstatement, whether due to fraud or error, of an assertion about a class of transactions, account balance or disclosure, before consideration of controls.

This is a matter of professional judgement unless the risks is of a type to be specified to be treated as significant risk in accordance with the requirement of another PSA.

It is an individual or organization possessing expertise in a field other than accounting or auditing.

It is when an audit is carried out entirely by an audit engagement partner, who may be a sole practitioner, it may be desirable to consult with other suitably-experienced auditors or the auditor's professional body. 

It creates the tone at the top by influencing the control consciousness of its people and provides the overall foundation for the operation of the other components of the entity’s system of internal control.

It is the process of assessing the quality of internal control performance overtime. It involves assessing the design and operations of controls on a timely basis and taking necessary corrective actions.

It is one of the major subsystems of AIS that provide information that assists in decision-making such as custom reports tailored to the specific needs of management. 

It is characterized by incomplete decision-making rules and the need for subjective assessments and judgments to supplement formal data analysis.

Computer software consists of sets of instructions (programs) that direct, control and coordinate the operation of the hardware components.

Magnetic disk is a primary medium for backing up random-access disk files and considered to be the cheapest type of storage available.

Expert system is a computer system that applies reasoning methods to data in a specific relatively structured area to render advice or recommendations.

In the reporting standard - 1402.1 Monitoring responsibility, importance of ensuring findings are supported by sufficient and appropriate audit evidence.

IT governance controls relate to decision rights and accountability for encouraging a more desirable behavior in the use of information technology.

The two companies that merged to form Enron are Houston Natural Gas Corp. and InterSouth Inc.

Under Application Controls, IPO or Input controls, Procedural controls, and Output controls are included.

The segregation of duties over change migration are controls that segregate access to make and migrate changes to a production environment.

 Automated controls might be more reliable than manual controls.

External to the computer, and therefore directly observable requires the auditor to use the computer to obtain a reasonable degree of assurance that controls are operating as planned.

It is a style of auditing that focuses on the analysis and management of risk. (Clue: 4 words)

Under__________, systems review often include inspecting computer sites, interviewing personnel, and reviewing policies and procedures. (Clue: 2 words)

Under___________, test of controls often include monitoring of online processing systems using concurrent audit techniques and recreate selected reports to test for accuracy and completeness. (Clue: 2 words)

This implements logical access controls using passwords and an access control matrix to safeguard data. (Clue: 2 words)

It refers to the ability of a cloud service provider (CSP) like Amazon Web Services (AWS) or Microsoft Azure to add more capacity. (Clue: 2 words)

It is one of the risks of cloud computing. (Clue: 2 words)

One of the categories of CAATs. (Clue: 2 words)

It is an exit point in an application program that allows an auditor to subsequently add an audit module. (Clue: 2 words)

This contains variety of predefined mathematical operations and functions that can be applied to data entered into the cells of a spreadsheet. (Clue: 2 words)

This are used to obtain accounting information related to particular companies and industries as well as other publicly available information. (Clue: 2 words)