tailieunhanh - Lecture Accounting information systems: Basic concepts and current issues (3rd edition): Chapter 17 - Robert L. Hurt

Chapter 17 - Auditing and evaluating the AIS. After studying this chapter you will be able to: Describe the various kinds of audits you might encounter in your accounting career, explain the purpose of the audit clarity project and summarize its essential components, explain ten generally accepted auditing standards & their role in a financial statement audit. | Chapter 17 Auditing and Evaluating the AIS Outline Expected outcomes Audit types Generally accepted auditing standards Financial statement audit steps Expected outcomes Describe the various kinds of audits you might encounter in your accounting career. Explain the AICPA’s 10 generally accepted auditing standards. Discuss the basic steps associated with financial statement audits. Explain the connection between auditing and AIS. Audit types Financial audit Independent examination of a company’s AIS and financial statements Culminates in an audit opinion Unique province of CPAs Operational audit Examination of a company’s rules and procedures for doing business Closely connected to business processes discussed earlier Audit types Systems audit Determines if IT employed in a system is producing expected results Requires strong background in both accounting and information systems Compliance audit Audit of governmental and not-for-profit entities Often referred to as a “Yellow Book” audit Requires solid understanding of GNFP accounting, which can be very different from business Audit types Management audit Assesses the degree to which assumptions made as part of decisions are valid Particularly relevant in times of economic uncertainty Investigative audit Also known as a fraud audit Gathers evidence to confirm or refute occurrence of occupational fraud and abuse Does not determine guilt or innocence Audit types International audit Focuses on: Foreign operations of US-based firms Operations of non-US based firms Required knowledge goes far beyond accounting Language Culture Laws Audit types Lecture break 17-1 All audits require some degree of professional judgment. Working with a group of students, select one of the seven audit types just presented. Give two examples of how professional judgment might be required in such an audit. Generally accepted auditing standards Abbreviated GAAS Promulgated by American Institute of CPAs () GAAP: Rules for | Chapter 17 Auditing and Evaluating the AIS Outline Expected outcomes Audit types Generally accepted auditing standards Financial statement audit steps Expected outcomes Describe the various kinds of audits you might encounter in your accounting career. Explain the AICPA’s 10 generally accepted auditing standards. Discuss the basic steps associated with financial statement audits. Explain the connection between auditing and AIS. Audit types Financial audit Independent examination of a company’s AIS and financial statements Culminates in an audit opinion Unique province of CPAs Operational audit Examination of a company’s rules and procedures for doing business Closely connected to business processes discussed earlier Audit types Systems audit Determines if IT employed in a system is producing expected results Requires strong background in both accounting and information systems Compliance audit Audit of governmental and not-for-profit entities Often referred to as a “Yellow

• Kế toán - Kiểm toán
• Accounting information systems
• Lecture Accounting information systems
• Information systems
• Evaluating the AIS
• Audit clarity project
• Financial statement audit
• Financial statement auditing
• Audit planning
• Internal control
• Auditing business processes
• Finance accounting and Auditing
• Audit Quality
• Audit of financial statement
• FDI enterprises
• Auditee’s characteristics
• Audit market
• Audit evidence
• Audit documentation
• Types of audit tests
• Accounting undergraduate Honors theses
• Audit related services and audit quality
• Evidence from benefit plan audits
• Financial statement audit firm switches
• Benefit plan quality
• Reliability of financial statement
• Corporate governance
• Audit committees
• External auditor
• Internal auditors
• Audit trinity
• Joint report
• Annual financial report
• Assurance services
• Auditing services
• Audit tests
• Audit service quality
• SERPERF model
• Macroeconomic management tools
• Audit organization
• Auditing internal control
• Employee fraud
• The audit of cash
• Contemporary auditing environment
• Completing the audit
• Management estimates
• Management fraud
• Audit risk
• Auditing and assurance services
• Auditing environment
• Audit sampling
• Classical variables sampling
• Account balances
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