Thư viện tài liệu, ebook tham khảo dành cho học sinh, sinh viên

Shows the changes in each component of shareholders’ equity for the period Share capital Amounts contributed by shareholders May include common and preferred classes Retained earnings / deficit Cumulative net income retained in the company Less dividends paid to shareholders Other shareholders’ accounts

32 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 770 | Lượt tải: 0

Plan meeting with client Perform an engagement acceptance check Perform a preliminary investigation Develop an action plan Obtain the relevant evidence Evaluate the evidence Prepare the report

21 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 884 | Lượt tải: 0

Might include a review of: Use of human, financial and other resources Information systems, performance measures and monitoring arrangements Procedures followed by audited bodies for remedying identified deficiencies Emphasis is on economy, efficiency and effectiveness of management and procedures.

23 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 858 | Lượt tải: 0

As both groups of auditors move to strategic risk analysis approach, greater co-ordination between IA and EA can be expected Co-ordination aided by recent developments in corporate governance, with audit committee playing key co-ordination role

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Establishing suitable criteria for testing controls is a key aspect. If entity clearly sets out what constitutes a satisfactory IC system, then easier for auditor to audit. There is no suitably detailed description of IC that would serve as audit criteria for all entities. Should assess both design and operating effectiveness of IC systems.

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Additional disclosures with which auditor concurs Inherent uncertainty (including going concern) that is adequately disclosed Material inconsistency between information contained in documents attached to financial report and the financial report Inappropriateness of going concern as a result of new conditions occurring after balance date Notice...

32 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 1112 | Lượt tải: 0

Auditor should obtain letter from solicitors consulted by the client during year to obtain evidence on existence, completeness, valuation and presentation of legal issues identified during audit. All enquiries of legal representatives of clients, and their responses to these enquiries (representations) will be documented in this letter. Exampl...

23 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 820 | Lượt tải: 0

An alternative method is to determine sample size by reference to: Table 11.5 (p. 515), for allowable risk of over-reliance (ARO) is 10% (90% confidence). This ARO is common in practice. Table 11.6 (p. 515), for allowable risk of over-reliance is 5% (95% confidence).

34 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 963 | Lượt tải: 0

Determined by assessed level of control risk in bank and cash handling procedures. Much of this information will come from evaluations and tests of controls in the sales and cash receipts, purchases and cash payments systems.

45 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 884 | Lượt tải: 0

OTHER FACTORS AFFECTING SUFFICIENCY AND APPROPRIATENESS Auditor should also consider: Type and source evidence Timeliness Interrelationship of evidence

39 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 867 | Lượt tải: 0