审计学英文版课件

,Click to edit Master title style,Click to edit Master text styles,3-,#,2006 Prentice Hall Business Publishing,Auditing 11/e,Arens/Beasley/Elder,Audit Reports,Chapter 3,Audit ReportsChapter 3,Learning Objective 1,Describe the parts of the standard,unqualified audit report.,Learning Objective 1Describe t,Parts of the StandardUnqualified Audit Report,1.Report title,2.Audit report address,3.Introductory paragraph,4.Scope paragraph,5.Opinion paragraph,6.Name of CPA firm,7.Audit report date,Parts of the StandardUnqualif,Learning Objective 2,Specify the conditions required,to issue the standard unqualified,audit report.,Learning Objective 2Specify th,Conditions for StandardUnqualified Audit Report,1.All financial statements are included.,2.The three general standards have been,followed in all respects on the engagement.,3.Sufficient evidence has been accumulated,to conclude that the three standards of,field work have been met.,Conditions for StandardUnqual,Conditions for StandardUnqualified Audit Report,4.The financial statements are presented in,accordance with generally accepted,accounting principles,.,5.There are no circumstances requiring the,addition of an explanatory paragraph or,modification of the wording of the report.,Conditions for StandardUnqual,Four Categories of Audit Reports,Standard unqualified,Qualified,Unqualified with,explanatory paragraph,or modified wording,Adverse or disclaimer,Four Categories of Audit Repor,Learning Objective 3,Understand combined reporting,on financial statements and,internal control over financial,reporting under Section 404 of,the Sarbanes-Oxley Act.,Learning Objective 3Understand,Sarbanes-Oxley Act,This Act requires the auditor of a public,company to attest to managements,report on the effectiveness of internal,control over financial reporting.,PCAOB Auditing standard 2 requires,the audit of internal control to be integrated,with the audit of the financial statements.,Sarbanes-Oxley ActThis Act req,Sarbanes-Oxley Act,Combined Report on Financial Statements and,Internal Control Over Financial Reporting,1.Introductory paragraph,2.Scope paragraph,3.Definition paragraph,4.Inherent limitations paragraph,5.Opinion paragraph,Sarbanes-Oxley ActCombined Rep,Learning Objective 4,Describe the five circumstances,when an unqualified report with,an explanatory paragraph or,modified wording is appropriate.,Learning Objective 4Describe t,Unqualified Report with Explanatory Paragraph,1.Lack of consistent application of generally,accepted accounting principles,2.Substantial doubt about going concern,3.Auditor agrees with a departure from,promulgated accounting principles,4.Emphasis of a matter,5.Reports involving other auditors,Unqualified Report with Explan,Consistency VersusComparability,Changes that affect consistency and require,an explanatory paragraph if they are material:,1.Changes in accounting principles,2.Changes in reporting entities,3.Corrections of errors involving principles,Consistency VersusComparabili,Consistency VersusComparability,Changes that affect comparability but not,consistency:,1.Changes in an estimate,2.Error corrections not involving principles,3.Variations in format and presentation,of financial information,4.Changes because of substantially,different transactions or events,Consistency VersusComparabili,Consistency VersusComparability,The Auditing Standards Board has issued,a proposal to the PCAOB to eliminate,the consistency explanatory paragraph.,Consistency VersusComparabili,Substantial Doubt AboutGoing Concern,1.Significant recurring operating losses,orworking capital deficiencies,2.Inability of the company to pay its,obligations as they come due,3.Loss of major customers,the occurrence,of uninsured catastrophes,4.Legal proceedings,legislation that might,jeopardize the entitys ability to operate,Substantial Doubt AboutGoing,Auditor Agrees with a Departurefrom a Promulgated Principle,The auditor must be satisfied and must state,and explain,in a separate paragraph or,paragraphs in the audit report,that adhering,to the principle would have produced a,misleading result in that situation.,Auditor Agrees with a Departur,Emphasis of a Matter,Under certain circumstances,the CPA may,want to emphasize specific matters regarding,the financial statements,even though the,CPA intends to express an unqualified opinion.,Emphasis of a MatterUnder cert,Reports Involving Other Auditors,1.Make no reference in the audit report.,3.Qualify the opinion.,2.Make reference in the report,(modified wording report).,Reports Involving Other Audito,Learning Objective 5,Identify the types of audit reports,that can be issued when an,unqualified opinion is not justified.,Learning Objective 5Identify t,Departures from anUnqualified Opinion,1.Scope limitation,2.GAAP departure,3.Auditor not independent,Departures from anUnqualified,Qualified Opinion,A,qualified opinion,report can result from,a limitation on the scope of the audit or,failure to follow generally accepted,accounting principles.,