如何成为合格的审计咨询师05.ppt

Audit Responsibilities and Objectives,Chapter 5,Learning Objective 1,Explain the objective of conducting an audit of financial statements.,Objective of Conducting an Audit of Financial Statements,The primary objective of the audit is to express an opinion on the financial statements.,Steps to Develop Audit Objectives,Steps to Develop Audit Objectives,Know general audit objectives for classes of transactions and accounts.,4,Learning Objective 2,Distinguish managements responsibilities for preparing financial statements from the auditors responsibilities for verifying those financial statements.,Responsibilities,Management is responsible for the financial statements, and for internal control.,Auditors issue an opinion on fairness of the financial statements.,Learning Objective 3,Explain the auditors responsibility for discovering material misstatements.,Auditors Responsibilities,Material versus immaterial misstatements,Reasonable assurance,Errors versus fraud,Professional skepticism,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,Responsibilities for Discovering Illegal Acts,Evidence accumulation and other actions when there is reason to believe direct- or indirect-effect illegal acts may exist,Actions when the auditor knows of an illegal act,Learning Objective 4,Classify transactions and account balances into financial statement cycles and identify benefits of a cycle approach to segmenting the audit.,Transaction Flow Example,Transaction Flow Example,Transactions,Allocation and adjustments,Cash disbursements,Payroll services and disbursements,Relationships Among Transaction Cycles,General cash,Capital acquisition and repayment cycle,Sales and collection cycle,Inventory and warehousing cycle,Learning Objective 5,Describe why the auditor obtains a combination of assurance by auditing classes of transactions and ending balances in accounts.,Balance and Transactions Affecting Balances Example,Learning Objective 6,Distinguish among the five categories of management assertions about financial information.,Management Assertions,1. Existence or occurrence,2. Completeness,3. Valuation or allocation,4. Rights and obligations,5. Presentation and disclosure,Learning Objective 7,Link the six general transaction- related audit objectives to the five management assertions.,Transaction-Related Audit Objectives,Transaction-Related Audit Objectives,Classification,Transactions are properly classified.,Transaction-Related Audit Objectives and Management Assertions,Learning Objective 8,Link the nine general balance- related audit objectives to the five management assertions.,General Balance-Related Audit Objectives,General Balance-Related Audit Objectives,Classification,Amounts are properly classified.,General Balance-Related Audit Objectives,Realizable value,Assets are included at estimated realizable value.,Assertions and Balance-Related Audit Objectives,Learning Objective 9,Explain the relationship between audit objectives and the accumulation of audit evidence.,How Audit Objectives Are Met,Auditors plan the co