tailieunhanh - Lecture Auditing and assurance services (8e) - Chapter 2: The financial statement auditing environment

Upon completion of this chapter you will be familiar with the different types of auditors; be familiar with the various services offered by assurance providers; understand the organization and composition of public accounting firms; understand the significant changes that have taken place in the auditing profession over the past decade;. | Chapter 2 The Financial Statement Auditing Environment McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Types of Auditors External Auditors Internal Auditors Government Auditors Forensic Auditors LO# 1 2- Types of Audit, Attest, and Assurance Services LO# 2 Audit Services: Attest Services: Assurance Services: Non-assurance Services: Internal Control Audits, Compliance Audits, Operational Audits, Forensic Audits Reporting on nature and quantity of inventory stored in a client’s warehouse so that the client can obtain a bank loan Auditing is a specialized form of assurance service Tax Preparation and Planning Services, Management Advisory Services, Compilation and Review Services 2- Public Accounting Firms Public accounting firms range in size from a single proprietor to thousands of owners (or “partners”) and thousands of professional and administrative staff employees. LO# 3 Big 4 PwC EY Deloitte KPMG Mid-Tier Grant Thornton BDO Seidman RSM McGladrey Regional Local 2- LO# 3 Audit Teams 2- Government Regulation In 2002, Congress passed the Sarbanes-Oxley Public Company Accounting Reform and Investor Protection Act. In 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. LO# 4 2- Society’s Expectations and the Auditor’s Responsibilities The auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud. Because of the nature of audit evidence and the characteristics of fraud, the auditor is able to obtain reasonable, but not absolute, assurance that material misstatements are detected. LO# 5 2- Context of Financial Statement Auditing The primary context with which an auditor is concerned is the industry or business of his or her audit client. In other words, the context provided by the client’s business impacts the auditor and the | Chapter 2 The Financial Statement Auditing Environment McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Types of Auditors External Auditors Internal Auditors Government Auditors Forensic Auditors LO# 1 2- Types of Audit, Attest, and Assurance Services LO# 2 Audit Services: Attest Services: Assurance Services: Non-assurance Services: Internal Control Audits, Compliance Audits, Operational Audits, Forensic Audits Reporting on nature and quantity of inventory stored in a client’s warehouse so that the client can obtain a bank loan Auditing is a specialized form of assurance service Tax Preparation and Planning Services, Management Advisory Services, Compilation and Review Services 2- Public Accounting Firms Public accounting firms range in size from a single proprietor to thousands of owners (or “partners”) and thousands of professional and administrative staff employees. LO# 3 Big 4 PwC EY Deloitte KPMG Mid-Tier Grant Thornton BDO .

• Kế toán - Kiểm toán
• Auditing services
• Assurance services
• Financial statement auditing
• Auditing business processes
• Auditing internal control
• Financial statement auditing environment
• Internal auditing services
• Internal auditing
• Auditing the purchasing process
• Auditing the financing
• Auditing demands logic
• Auditing environment
• Audit planning
• Internal control
• Related services