tailieunhanh - Lecture Auditing and assurance services in Australia (4th ed): Chapter 5 - Grant Gay, Roger Simnett

Chapter 5 - Overview of elements of the financial report audit process. In this chapter we will discuss: Accounting and auditing contrasted, areas of audit interest, audit evidence, audit procedures, the audit trail, selecting audit procedures. | Part Two Planning and Risk 5- Copyright 2010 McGraw-Hill Australia Pty Ltd PPTs t/a Auditing and Assurance Services in Australia 4e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Chapter 5 Overview of elements of the financial report audit process 5- Copyright 2010 McGraw-Hill Australia Pty Ltd PPTs t/a Auditing and Assurance Services in Australia 4e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Learning objective 1: Accounting and auditing contrasted The financial report is the product of the entity’s accounting system and of judgements made by those charged with governance and management. ASA : Purpose of the audit is to enhance the degree of confidence of the intended users of the financial report. To form a judgement on financial report, auditor must look behind the financial report to the data and allocations of the data. Therefore there is a close relationship between accounting and auditing. 5- Copyright 2010 McGraw-Hill Australia Pty Ltd PPTs t/a Auditing and Assurance Services in Australia 4e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Accounting and auditing contrasted 5- Copyright 2010 McGraw-Hill Australia Pty Ltd PPTs t/a Auditing and Assurance Services in Australia 4e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Professional scepticism and professional judgment 5- Accounting standards allow choice of accounting methods and require accountants to use judgement. Financial reports can also be biased, as preparers have vested interest in the information contained in the financial report. Thus auditor must plan and perform audit with professional scepticism, being a questioning mind and a critical assessment of evidence (ASA ). Auditor must also exercise professional judgement, being the application of relevant training, knowledge and experience (ASA ). Copyright 2010 McGraw-Hill Australia Pty Ltd . | Part Two Planning and Risk 5- Copyright 2010 McGraw-Hill Australia Pty Ltd PPTs t/a Auditing and Assurance Services in Australia 4e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Chapter 5 Overview of elements of the financial report audit process 5- Copyright 2010 McGraw-Hill Australia Pty Ltd PPTs t/a Auditing and Assurance Services in Australia 4e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Learning objective 1: Accounting and auditing contrasted The financial report is the product of the entity’s accounting system and of judgements made by those charged with governance and management. ASA : Purpose of the audit is to enhance the degree of confidence of the intended users of the financial report. To form a judgement on financial report, auditor must look behind the financial report to the data and allocations of the data. Therefore there is a close relationship between accounting and auditing. 5- Copyright .

• Kế toán - Kiểm toán
• Assurance services profession
• Assurance services
• Auditing services
• Audit process
• Financial repport audit process
• Financial report assertions
• Structure of the profession
• Audit firms
• Assurance framework
• Accounting information
• Professional status
• Regulation of auditing
• The auditing profession
• Corporate governance
• Professional ethics
• Legal liability
• Liability to clients
• 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
• E commerce systems
• Business risk assessments