Comp the audit_AA_Ch_30

Comp the audit_AA_Ch_30 - Completing the Audit Ch. 30.1...

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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong Completing the Audit Ch. 30.1 Overall Review of Financial Statements Introduction True and Fair View Review for Consistency and Re Engagement Quality Control Re Documentation Ch. 30.2 Written Representations Why Obtain Representation Let Audit Evidence Written Representations about M Other Written Representations Date and Period Covered Form Reliability Issues Requested Written Representat 1
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong Chapter 30.1 Overall Review of Financial Statements 2
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 1. Introduction Purpose: The engagement auditor reviews whether sufficient appropriate audit evidence have been obtained to: support the conclusions reached and for the auditor’s report to be issued 3
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 1. Introduction © 2006-08 Nelson Preliminary engagement activities Planning activities Understanding the entity and its environment Understanding the entity and its environment Identifying and assessing risks of material misstatements Designing and implementing auditor’s responses to assessed risks Overall reviewing Drawing audit conclusions and reporting An audit is a cumulative and iterative process Chapter 30 Audit Process Figure 30.1.1 4
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 2. True and Fair View Companies Ordinance requires for a true and fair view What is a true and fair view? The application of HKFRSs, with additional disclosure when necessary, is presumed to result in financial statements that give a true and fair view.
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This note was uploaded on 12/21/2010 for the course ACCT 410 taught by Professor Sallyli during the Fall '10 term at Hong Kong Shue Yan.

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Comp the audit_AA_Ch_30 - Completing the Audit Ch. 30.1...

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