auditplanningandanalyticalprocedures(英文版)(ppt57頁)-展示頁
2025-04-04 10:16本頁面
【正文】 tory agencies, and interim reports. ? Inquire to client39。s banker, legal council, underwriter and others. ? Contact predecessor auditor for disagreements with client, client integrity. ? Determine need for special skills or unusual risk related to client. ? Review independence relationship to client. 8 8 Talking with Predecessor ? The successor auditor needs permission from the client to contact the predecessor to protect client confidentiality. ? Predecessor can give valuable information about client integrity, significant issues, disagreements and reasons for auditor change (8K). ? The successor auditor will issue a report on the current year only. The prior years will be covered by reissuing the predecessor39。s business includes: ? Economic environment the business operates in. ? Effect of national economic policies deregulation. ? The geographic location and its economy. ? Tax and regulatory developments. ? Industry characteristics. ? Significant puter applications involving the accounting system. 8 16 Ways to get an understanding of the client39。s management, internal auditors, directors and audit mittee ? Review of prior years audit working papers and inquiry of prior staff on audit to convey their understanding. ? Observation of physical plant looking for possible items that may affect the financial statements such as obsolete inventory. ? Study of AICPA industry guides and periodicals for the industry like the Wall Street Journal. ? Analytical procedures on F/S 8 17 Understanding of the Client’s Business and Industry Understand Client’s Business and Industry Industry and External Environment Business Operations and Processes Management and Governance Objectives and Strategies Measurement and Performance 8 18 Industry and External Environment What are some reasons for obtaining an understanding of the client’s industry and external environment? Risks associated with specific industries Inherent risks mon to all clients in certain industries Unique accounting requirements 8 19 Business Operations and Processes Factors the auditor should understand: – major sources of revenue – sources of revenue – key customers and suppliers – sources of financing – information about related parties – ability to obtain financing 8 20 Management and Governance Management establishes the strategies and processes followed by the client’s business. Governance includes the client’s anizational structure, as well as the activities of the board of directors and the audit mittee. Corporate charter and bylaws Minutes of meetings 8 21 Client Objectives and Strategies Strategies are approaches followed by the entity to achieve anizational objectives. Auditors should understand client objectives. Financial reporting reliability Effectiveness and efficiency
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