Applicable 标准一致 assemble and supervise team

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applicable 标准一致; assemble and supervise team conclude evidence; sign audit report 2 Manager: ensure audit plan (scheduling of team member); supervise audit program; review working papers, FS audit report ensure payment for services; 通知 partner 息和 问题 3 Senior/in-charge audit plan prepare budges; assign tasks to 人员 direct day-to- day performance; 通知 manager 关信息 4 Associate/staff :具 perform procedures; prepare documentation; 通知 senior info 5. A Time of Challenge and Change 1 1990S- early 2000s: accounting firms aggressively sought opportunities to market a variety of high-margin nonaudit services . 出一 堆丑闻 2 Government Regulation 7
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1 2002 SOX 2 2010 the Dodd-Frank Wall Street Reform and Consumer Protection Act. 6. 会对 auditor 期望 auditor 责任 1 责任 plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud. 2 the auditor is able to obtain reasonable, but not absolute, assurance that material misstatements are detected 7. context of FS audit 1 The primary context of an auditor industry or business of his or her auditee. 8. A Model of Business 1 Business 差别 很大, business model 的共同点是都包括: governance, objectives, strategies, business processes, risks, controls and reporting 2 corporate governance 1 ) 定义: cooperate governance 包括所有的 人员 ,过程和 活动 to help ensure proper stewardship over and entity assets 2 Board of directors 责任 management oversight 3 Audit committee :是 board of directors subset ,监管 internal and extremal auditing work 3 Objectives, objectives, strategies, business processes, risks, controls, reporting 1 Management board of directors 指导下 决定 objectives, along with strategies 计达到 objectives 2 整个 organization business processes 实施 strategies ,同 assess and mange risks 3 ) 这些 business processes 五个 financing process, purchasing, HR management; inventory management, revenue process. 4 ) 公司同事 计并 实施 accounting information system, 以获取 transaction 节,生 FS 5 a system of internal control 以保证 交易 被正确记录, resources 被保 9. 影响 public accounting profession organizations 1 一共有 5 SEC PCAOB FASB; AICPA; IAASB; IASB 1 SEC 是最 org A. 负责制 定监管上 公司的部分是 FCAOB, B. accounting principles 机构 FASB 2 ) 与 SEC 负责 private sector audit 标准的 org AICPA ,其 负责制 定审计标准的结 ASB auditing standards board 10. Auditing standars 1
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