审计咨询人员课程训练1

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1、Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,18-,*,2003,Prentice Hall Business Publishing,Essentials of Auditing 1/e,Arens/Elder/Beasley,Completing the Audit,Chapter 18,LearningObjective1,Conductareviewforcontingent,liabilitiesan

2、dcommitments.,SummaryoftheAuditProcess,Phase I,Plan and design,an audit approach.,Phase II,Perform tests of,controls and,substantive tests,of transactions.,Phase III,Perform analytical,procedures and,tests of details,of balances.,Phase IV,Complete the,audit and issue,an audit report.,PhaseIV,Complet

3、ingtheAudit,Reviewfor,contingent,liabilities,Review for,subsequent events,Accumulate,final evidence,Evaluate results,Issue audit report,Communicate with,audit committee,and management,Acontingentliabilityispotentialfuture,obligationtoanoutsidepartyforan,unknownamountresultingfrom,activitiesthathavea

4、lreadytakenplace.,ContingentLiabilities,LikelihoodofOccurrenceandFinancialStatementTreatment,LikelihoodofFinancialStatement,OccurrenceofEventTreatment,Remote(slightchance)Nodisclosurenecessary,ReasonablypossibleFootnotedisclosure,ProbableAdjustfinancialstatements,OR,footnotedisclosure,AuditProcedure

5、sforFindingContingencies,Inquireofmanagement(orallyandinwriting),aboutthepossibilityofunrecordedcontingencies.,Reviewcurrentandpreviousyearsinternal,revenuereportsforincometaxsettlements.,Reviewtheminutesofdirectorsandstockholders,meetingsforindicationsoflawsuits.,AuditProceduresforFindingContingenc

6、ies,Analyzelegalexpensesandreviewinvoices,andstatementsfromlegalcounsel.,Obtainaletterfromeachmajorattorneyofthe,clientastothestatusofpendinglitigation.,Examinelettersof credit inforce.,Review auditdocumentation for any information,thatmayindicate apotential contingency.,LearningObjective 2,Obtain a

7、nd evaluateletters,fromtheclients attorneys.,A list including(1)pendingthreatenedlitigation and,(2)assertedorunasserted claims orassessments,withwhich the attorneyhashadinvolvement.,A request that the attorneyfurnishinformationor,commentabout the progress of each itemlisted.,Inquiryof ClientsAttorne

8、ys,A request for the identificationofanyunlisted,pendingor threatened legalaction or astatement,thattheclients list is complete.,A statementinforming the attorney of the attorneys,responsibility to informmanagementof legalmatters,requiring disclosureinthefinancial statementsand,to respond directlyto

9、 the auditor.,Inquiryof ClientsAttorneys,LearningObjective 3,Conducta post-balance-sheet,review for subsequent events.,Period Covered bySubsequentEventsReview,Clients ending,balance sheet,date,Audit,report,date,Date client,issues financial,statements,Period to which,review for,subsequent,events appl

10、ies,Period for,processing,the financial,statements,12-31-02,3-11-03,3-26-03,Those that havea directeffecton the,financial statementsandrequireadjustment,Those that havenodirect effect onthe,financial statementsbutforwhich,disclosure is advisable,Types ofSubsequentEvents,Declarationof bankruptcy bya

11、customer,withanaccountsreceivablebalance.,Settlement of alitigation at anamount,different from the amount recorded on,thebooks,Requiring Adjustment,Disposalofequipment not beingusedin,operations at aprice belowthecurrent,bookvalue,Saleofinvestmentsat aprice below,recordedcost,Requiring Adjustment,Ad

12、visabilityofDisclosure,Declinein the market valueof securities,heldfortemporary investment orresale,Issuanceofbonds orequitysecurities,Declinein the market valueof inventoryas,consequenceof government actionbarring,furthersaleofa product,Uninsured loss of inventories asa result offire,A mergeroran a

13、cquisition,Inquiryof management,Correspond withattorneys,Review internalstatements prepared,subsequent to the balance sheetdate,Review records preparedsubsequent,to the balance sheetdate,Examineminutesissued subsequent,to the balance sheetdate,Obtainaletterofrepresentation,AuditTests,Thefirstdateist

14、hedateforthe completion,offieldwork exceptforaspecificexception.,Thesecond date,which is alwayslater,dealswith theexception.,Dual Dating,LearningObjective4,Designand performthe final steps,intheevidence-accumulation,segment of theaudit.,Perform final analyticalprocedures.,Evaluatethegoing-concernass

15、umption.,Obtainamanagement representation letter.,Considerinformationaccompanyingthebasicfinancial statements.,Read other information in theannualreport,FinalEvidenceAccumulation,InformationAccompanyingBasicFinancial Statements,Balance sheet,Incomestatement,Statementof,cash flows,Footnotes,Basic,fin

16、ancial,statements,Standard,auditors,report,InformationAccompanyingBasicFinancial Statements,Detailed,comparative,statements,Statisticaldata,Scheduleof,insurance,coverage,Information,accompanying,basic financial,statements,Separate,paragraph,unqualified,qualified,or disclaimer,LearningObjective5,Integratethe audit evidence,gathered,and evaluate the,overall audit results.,Sufficiencyofevidence,Evidencesupportsauditorsopinion,Financialstatement disclosures,Auditdocumentation review,Independentrevie