week1.docx - Homework Questions week 1 1.15 Chan Chow offer their clients a range of professional services including

week1.docx - Homework Questions week 1 1.15 Chan Chow offer...

This preview shows page 1 - 3 out of 5 pages.

Homework Questions week 1 1.15 Chan & Chow offer their clients a range of professional services, including: 陈冠 希为客户提供一系列专业服务,包括: a.Providing advice on accounting policies and accounting standards . 就会计政策和 会计准则提供建议 b) Auditing annual financial reports b ) 审计年度财务报告 c) Providing assistance to management and the board in strengthening internal controls and corporate governance practices. c ) 协助管理层和董 事会加强内部控制和 公司治理做法。 d) Providing assistance with the establishment and training of internal audit teams 协助建立和 培训内部审计小组 e) Checking compliance with company policies and legislative regulations 查公 司政策和法规的遵守情况 f) Reviewing half yearly financial reports lodged with ASIC 审查向 ASIC 提交的半年 财务报告 Required: For each of the services listed above, determine whether it is an assurance engagement and explain 对于上面列出的每个服 务,确定它是否是保证参与,并解释 your answer. (a) No. Providing advice on accounting policies and accounting and auditing standards is not an assurance engagement. There is no three party relationship, nor is it clear that there are always suitable criteria. Such assistance would be a consulting activity. 否。就会计政策、会计和审计标准提供建议 是保证。没有三党关系,也不清楚总是有合适的标准。这种援助将是一项咨询活动。 (b) Yes. Audits of financial reports are an assurance engagement providing a reasonable level of assurance. 是。财务报告审计是一 种保证,提供合理的保证水平。 (c) No. Assisting management and the board to strengthen internal and corporate governance is not an assurance engagement, it is a consulting
Image of page 1
activity. There is no three party relationship, nor is it clear that there are suitable criteria. 否协助管理层和董事会加强内部和公司治理不是一种保证参与,它是一项咨询活动。没有三党关 系,也不清楚是否有适当的标 (d) No. Assisting in establishing and training internal audit teams is not an assurance engagement. There is no three party relationship, nor is it clear that there are suitable criteria. Such assistance would be constructed as a consulting activity.
Image of page 2
Image of page 3

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture