statements and internal control
from the auditor’s responsibility
for verifying the financial
statements and effectiveness
of internal control.
PPT文档演模板
审计学一种整合的方法
审计学一种整合的方法
Transaction Flow Example
•Transactions •Sales
•Cash •receipts
•Journals •Sales •journal
•Cash receipts •journal
•Ledgers, •Trial Balance, •and Financial
➢ Material versus immaterial misstatements ➢ Reasonable assurance ➢ Errors versus fraud ➢ Professional skepticism ➢ Fraud resulting from fraudulent financial reporting versus misappropriation of assets
•Sales and •collection
•cycle
•Acquisition •and payment
•cycle
•Payroll and •personnel
•cycle
•Inventory and •warehousing
•cycle
PPT文档演模板
审计学一种整合的方法
Learning Objective 5
•Payroll •journal
Hale Waihona Puke •Ledgers, •Trial Balance, •and Financial
•Statements
•General ledger •and subsidiary
•records
•General ledger •trial balance
•Allocation •and
•Completeness •Completeness
•Accuracy
•Valuation and •Accuracy and
•allocation
•valuation
•Classification
•Classification and •understandability
•Cutoff
•Rights and •obligations
•adjustments
•General •journal
•Financial •statements
PPT文档演模板
审计学一种整合的方法
Relationships Among Transaction Cycles
•General •cash
•Capital acquisition •and repayment cycle
PPT文档演模板
审计学一种整合的方法
Auditor’s Responsibilities for Discovering Illegal Acts
➢ Direct-effect illegal acts
➢ Indirect-effect illegal acts
➢ Evidence accumulation when there is no reason to believe indirect-effect illegal act exists
审计学一种整合的方法
Learning Objective 3
Explain the auditor’s responsibility for discovering material misstatements.
PPT文档演模板
审计学一种整合的方法
Auditor’s Responsibilities
➢ Actions when the auditor knows of an illegal act
PPT文档演模板
审计学一种整合的方法
Learning Objective 4
Classify transactions and account balances into financial statement cycles and identify benefits of a cycle approach to segmenting the audit.
•Statements
•General ledger •and subsidiary
•records
•General ledger •trial balance
•Acquisition •of goods
•and services
•Acquisitions •journal
•Financial •statements
•3. Assertions about presentation and disclosure
PPT文档演模板
审计学一种整合的方法
Management Assertions for Each Category of Assertions
•Assertions About Classes •of Transactions and Events
Management’s Responsibilities
•The Sarbanes-Oxley Act provides for criminal •penalties for anyone who knowingly falsely •certifies the statements.
PPT文档演模板
•3. Know management assertions about • accounts.
PPT文档演模板
审计学一种整合的方法
Steps to Develop Audit Objectives
•4. Know general audit objectives for • classes of transactions and accounts.
PPT文档演模板
审计学一种整合的方法
Transaction Flow Example
•Transactions
•Cash •disbursements
•Payroll •services and •disbursements
•Journals •Cash
•disbursements •journal
•It requires the CEO and the CFO of public •companies to certify the quarterly and annual •financial statements submitted to the SEC.
PPT文档演模板
审计学一种整合的方法
PPT文档演模板
审计学一种整合的方法
Financial Statements Cycles
•Audits are performed by dividing the financial •statements into smaller segments or components.
PPT文档演模板
Management’s Responsibilities
•Management is responsible for the financial •statements and for internal control.
•The Sarbanes-Oxley Act increases management’s •responsibility for the financial statements.
PPT文档演模板
审计学一种整合的方法
Management Assertions
1. Assertions about classes of transactions and • events for the period under audit
•2. Assertions about account balances a period end
审计学-一种整合的方法
PPT文档演模板
2020/11/17
审计学一种整合的方法
Learning Objective 1
Explain the objective of conducting an audit of financial statements and an audit of internal controls.
•$
1,242
•Sales returns •and allowances
•Charge-off of •$ 3,323 •uncollectible
•accounts
•Ending balance
PPT文档演模板
•$ 20,197
审计学一种整合的方法
Learning Objective 6
Distinguish among the three categories of management assertions about financial information.
PPT文档演模板
审计学一种整合的方法
Objective of Conducting an Audit of Financial Statements
•The objective of the ordinary audit of financial •statements is the expression of an opinion of •the fairness with which they present fairly, in •all respects, financial position, result of •operations, and its cash flows in •conformity with GAAP.