Audit | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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The auditor’s role is to design the client’s control system. False/True

False

Segregation of duties is a detective control. False/True

False — it’s a preventive control.

A strong control environment can eliminate all audit risk. False/True

False — it only reduces it.

I’m the outsider who checks the books. I give opinions, not guarantees. My signature can make or break investor confidence. Who am I?

External auditor

Where is audit evidence obtained?

From various documents, interviews and observations

Shenzi, Banzai & Ed. Who are they in our group?

Suhrob, To'lqin & Murod

Wirecard (Germany 2020) Weak completion checks missed EUR1.9 billion in fake cash balances. False/True

True

How many experts are there in the audit completion meeting for Apple?

over 20

Who is sighns the audit report?

Engagement Partner

Crash & Eddie. Who are they in our group?

Bahrom & Dilziyod

Some Big Four firms spend 20-25% of total audit hours just on the completion and review stage. False/True

True

Which type of control is being described? A manager reviews and approves transactions after system failure.

Compensating

You are lucky?!

Types of controls?

Preventive Controls Detective Controls Corrective Controls Compensating Controls

I’m a test, but not the kind you study for. I check if controls are working as intended. Auditors love me. Who am I?

Control Testing

What assumption must be revaluated at completion?

Going Concern

Which type of control is being described? A password policy prevents unauthorized access.

Preventive

I come after the fact. I detect issues that already occurred. Think of me as the security camera of the audit world. Who am I?

Detective Control

What is EQCR in auditing?

Engagement Quality Control Reviewer

Someone Who Does Precision Guesswork based on Unreliable Data Provided by those of Questionable Knowledge.

Auditor