tailieunhanh - Lecture Auditing and assurance services (Second international edition) - Chapter 1: An introduction to assurance and financial statement auditing

In this chapter you will understand why studying auditing can be valuable to you and why it is different from studying accounting, be able to explain why there is a demand for auditing and assurance, know the basic definition of a financial statement audit,. | An Introduction to Assurance and Financial Statement Auditing Chapter 1 The Study of Auditing Analytical and logical skills Much more conceptual in nature Rules, techniques and computations to prepare and analyse financial information The study of auditing is different from other accounting courses that you have taken because OTHER COURSES AUDITING The Demand for Auditing and Assurance The development of the corporate form of business and the expanding world economy over the last 200 years have given rise to an explosion in the demand for assurance provided by auditors. Principals and Agents Managers Agents Principals Stockholders A public company is a company that sells its stocks or bonds to the public, giving the public a valid interest in the proper use, or stewardship, over the company’s resources. The Role of Auditing Auditing and Assurance Defined Assurance A systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users. Auditing Auditing and Assurance Defined Auditing Assurance An engagement in which a practitioner expresses a conclusion designed to enhance the degree of confidence of the intended users other than the responsible party about the outcome of the evaluation or measurement of a subject matter against criteria. Fundamental Concepts in Conducting a Financial Statement Audit Audit Risk Materiality Evidence Overview of the Financial Statement Audit Process Audit Risk Audit risk is the risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated. The auditor’s report with an unmodified opinion states that the audit provides only reasonable assurance that the financial statements do not contain material misstatements. Reasonable assurance implies some risk that a material misstatement | An Introduction to Assurance and Financial Statement Auditing Chapter 1 The Study of Auditing Analytical and logical skills Much more conceptual in nature Rules, techniques and computations to prepare and analyse financial information The study of auditing is different from other accounting courses that you have taken because OTHER COURSES AUDITING The Demand for Auditing and Assurance The development of the corporate form of business and the expanding world economy over the last 200 years have given rise to an explosion in the demand for assurance provided by auditors. Principals and Agents Managers Agents Principals Stockholders A public company is a company that sells its stocks or bonds to the public, giving the public a valid interest in the proper use, or stewardship, over the company’s resources. The Role of Auditing Auditing and Assurance Defined Assurance A systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions .

• Kế toán - Kiểm toán
• Assurance services
• Financial statement auditing
• Auditing services
• Auditing business processes
• Auditing internal control
• Auditing demands logic
• Assurance services profession
• Audit process
• Assurance framework
• Accounting information
• Financial statement audit
• Auditing and assurance services
• Auditing environment
• Professional standards
• Auditing standards
• Internal auditing services
• Contemporary auditing environment
• Attestation engagements
• Account balances
• Structure of the profession
• Audit firms
• Corporate governance
• Professional ethics
• Legal liability
• Liability to clients
• Financial repport audit process
• Financial report assertions
• The business
• Strategic business risk
• Inherent risk assessment
• Inherent risk
• Internal control structure
• Assessing control risk
• Tests of controls
• Sales cycle
• Substantive tests
• Substantive tests of transactions
• Audit sampling
• Sampling theory
• Adjusting events
• Financial report
• Auditor’s reporting obligations
• Professional reporting obligations
• Prospective financial information
• Highlight information
• Institute of internal auditors
• Government accounting
• Reporting duties