auditplanningandanalyticalprocedures(英文版)(ppt57頁(yè))-文庫(kù)吧資料
2025-04-02 10:16本頁(yè)面
【正文】 ty and are considered management39。s business: ? Inquiry of pany39。s report. 8 9 Engagement letters ? Help establish an understanding of the terms of the engagement, contract ? Are not required but remended. ? Helps to avoid misunderstandings related to what the services include and fees ? Helps avoid legal liability assertions based on failure to do work that the CPA may not have contemplated. 8 10 Engagement Letter Content ? The objectives of the engagement ? Management’s responsibilities ? The auditor’s responsibilities ? Any limitations of the engagement ? SAS 83 requires these understandings to be documented in the working papers. 8 11 Full service audit team includes ? Engagement partner ? Second audit partner ? Audit manager ? Senior in charge ? Specialists as needed statistical, puter, industry ? Tax partner ? Consulting service partner 8 12 Second Audit Partner ? To have a review by a partner that is not directly responsible for keeping the client happy and therefor more objective. ? The second audit partner is required by the SEC for publicly traded panies 8 13 Time Budget ? Estimates time for audit activities ? Basis for fee structure ? Budget control for time spent on audit 8 14 Audit program ? Lists the audit procedures believed necessary to obtain sufficient, petent audit evidence. ? A written audit program is required by the standards. ? To prepare an audit program, the auditor needs an understanding of the client’s business. 8 15 Understanding the client39。8 1 Audit Planning and Analytical Procedures Chapter 8 8 2 Planning The work is to be adequately planned, and assistants, if any, are to be properly supervised. Acceptable audit risk – the acceptability of giving the wrong audit opinion. Inherent risk – the risk of material mistatements making it into the financial statements. 8 3 Planning an Audit and Designing an Approach Accept client and perform initial audit planning Understand the client’s business and industry Assess client business risk Perform preliminary analytical procedures 8 4 Planning an Audit and Designing an Approach Set materiality, and assess acceptable audit risk and inherent risk Understand internal control and assess control risk Develop overall audit plan and audit program 8 5 Initial Audit Planning Should the auditor accept a new client? Identify why the client wants or needs an audit. Obtain an understanding with the client. Select staff for the engagement. 8 6 The Pre Engagement Arrangements: ? Client acceptance and retention ? Talking with predecessor ? Engagement letters ? Engagement team ? Time budget 8 7 Evaluate the Acceptance or Retention of a Client. ? Obtain financial information prepared by client, annual reports, SEC reports, reports to regula
教學(xué)課件相關(guān)推薦
鄂ICP備17016276號(hào)-1