tailieunhanh - Lecture Auditing and assurance services in Australia: Chapter 16 - Grant Gay, Roger Simnett

In this chapter, students will be able to understand: explain the different levels of government in Australia and their main responsibilities; explain the concept of accountability; outline the different bases of accounting used in the public sector; explain public sector audit requirements; describe the nature of performance auditing; and describe the nature of regularity audits. | Chapter 16 Audit and Assurance Services in the Public Sector 16- Copyright 2006 McGraw-Hill Australia Pty Ltd Revised PPTs t/a Auditing and Assurance Services in Australia 3e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Australian System of Government Three tiers: Federal State Local (municipal councils) Learning Objective 1: 16- Copyright 2006 McGraw-Hill Australia Pty Ltd Revised PPTs t/a Auditing and Assurance Services in Australia 3e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Accountability Parliament approves the use of various resources. The management of public sector entities is entrusted with public resources on a stewardship basis. Reports are prepared showing the use of resources. Public sector auditors provide assurance on reports. Learning Objective 2: 16- Copyright 2006 McGraw-Hill Australia Pty Ltd Revised PPTs t/a Auditing and Assurance Services in Australia 3e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Cycle of Accountability 16- Copyright 2006 McGraw-Hill Australia Pty Ltd Revised PPTs t/a Auditing and Assurance Services in Australia 3e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Government Accounting Australian accounting standards apply to public sector entities. Government departments that are reporting entities are required to prepare general purpose financial reports on an accrual basis. Learning Objective 3: 16- Copyright 2006 McGraw-Hill Australia Pty Ltd Revised PPTs t/a Auditing and Assurance Services in Australia 3e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Public Sector Audit Requirements Commonwealth Auditor-General, through Australian National Audit Office (ANAO), is responsible for the audit of Commonwealth government departments, statutory authorities and government corporations. Each State and Territory has an Auditor-General, who has similar responsibilities at the State and Territory . | Chapter 16 Audit and Assurance Services in the Public Sector 16- Copyright 2006 McGraw-Hill Australia Pty Ltd Revised PPTs t/a Auditing and Assurance Services in Australia 3e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Australian System of Government Three tiers: Federal State Local (municipal councils) Learning Objective 1: 16- Copyright 2006 McGraw-Hill Australia Pty Ltd Revised PPTs t/a Auditing and Assurance Services in Australia 3e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Accountability Parliament approves the use of various resources. The management of public sector entities is entrusted with public resources on a stewardship basis. Reports are prepared showing the use of resources. Public sector auditors provide assurance on reports. Learning Objective 2: 16- Copyright 2006 McGraw-Hill Australia Pty Ltd Revised PPTs t/a Auditing and Assurance Services in Australia 3e by Grant Gay and Roger Simnett Slides .

• Kế toán - Kiểm toán
• Assurance services profession
• Assurance services
• Auditing services
• Audit process
• Government accounting
• Reporting duties
• 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
• 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
• E commerce systems
• Business risk assessments