AuditoftheInventoryandWarehousingCycle(英文版)

,Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,2003,Prentice Hall Business Publishing,Auditing and Assurance Services 9/e,Arens/Elder/Beasley,20-,*,Auditof the Inventoryand Warehousing Cycle,Chapter 20,Raw Materials,Workin Process,Manufacturing,Overhead,Flowof Inventory and Costs,ActualApplied,Manufacturing,Direct Labor,ActualApplied,Beginning,inventory,Raw,materials,used,Purchases,Ending,inventory,Workin Process,Finished Goods,Flowof Inventory and Costs,Beginning,inventory,Ending,inventory,CostofGoods Sold,Costofgoods,manufactured,Beginning,inventory,Ending,inventory,Costof,goods sold,Functions intheInventory and Warehousing Cycle,Process,purchase,orders,Receiveraw,materials,Store,raw,materials,Processthematerials,Functions intheInventory and Warehousing Cycle,Perpetual inventory,master file,Store,finished,goods,Ship,finished,goods,HowE-Commerce Affects InventoryManagement,TheInternetenablesclientstoprovideexpanded,descriptionsoftheir inventoryon areal-time basis.,Theuseof the Internetandother e-commerce,applicationsmaylead tofinancial reporting,risks ifaccessto inventorydatabases and,systemsis not adequately controlled.,Audit ofInventory,Acquireandrecord,rawmaterials,labor,andoverhead.,Internally transfer,assets and costs.,Partofaudit,Cycle inwhich tested,Acquisitionand,paymentplus,payrollandpersonnel,Inventory and,warehousing,Audit ofInventory,Shipgoods and record,revenueandcosts.,Physically observe,inventory.,Price and compile,inventory.,Cycle inwhich tested,Partofaudit,Sales and,collection,Inventory and,warehousing,Inventory and,warehousing,CostAccountingControls,2.Controlsovertherelatedcosts,1.PhysicalControls,Rawmaterials,WIP,Finishedgoods,over,MethodologyforDesigning Controls and Substantive Tests,Understand internalcontrol,costaccountingsystem.,Assess planned control risk,costaccountingsystem.,Evaluatecost-benefit,of testing controls.,MethodologyforDesigning Controls and Substantive Tests,Design testsofcontrols,andsubstantivetests of,transactionsforthecost,accounting system tomeet,transaction-related,audit objectives.,Audit procedures,Sample size,Items toselect,Timing,Tests ofCost Accounting,PhysicalControls,Documents and records for,transferringinventory,Perpetual inventorymaster files,Unitcost records,Analytical Procedures for ManufacturingEquipment,Analytical ProcedurePossibleMisstatement,Comparegross marginOverstatementor,percentage withthatofunderstatementof,previousyears.inventory and cost,of goodssold,Compareinventory turnoverObsoleteinventory,(cost ofgoods solddividedOverstatement or,byaverageinventory)withunderstatementof,thatofpreviousyears.inventory,Analytical Proceduresfor ManufacturingEquipment,Analytical ProcedurePossibleMisstatement,Compare unitcostsofOverstatementor,inventorywiththoseofunderstatement of,previousyears.unit costs,Compare extendedMisstatements in,inventoryvaluewiththatcompilation,unit,ofpreviousyears.costs,orextensions,Analytical Proceduresfor ManufacturingEquipment,Analytical ProcedurePossibleMisstatement,Compare currentyearMisstatementofunit,manufacturing costs withcosts of inventory,thoseofpreviousyearsespeciallydirect,(variablecostsshould belaborand,adjustedforchangesinmanufacturing,volume).overhead,MethodologyforDesigning Tests ofBalances OtherAccounts,Identifyclientbusinessrisksaffecting,theinventoryandwarehousingcycles.,Settolerablemisstatementand,assessinherentriskforthe,inventoryandwarehousingcycles.,Assesscontrolriskforseveralcycles.,MethodologyforDesigningTestsofBalances,OtherAccounts,Designandperformtestsof,controlsandsubstantivetests,oftransactionsforthe,severalcycles.,Designandperformanalytical,proceduresfortheinventory,andwarehousingcycle.,MethodologyforDesigningTestsofBalances,OtherAccounts,Designtestsofdetails,ofinventorytosatisfy,balance-related,auditobjectives.,Auditprocedures,Samplesize,Itemstoselect,Timing,Controls,Properinstructionsforthephysicalcount,Supervisionbyresponsiblepersonnel,Independentintervalverificationofthecounts,Independentreconciliationsofthephysical,countswithperpetualinventorymasterfiles,Adequatecontrolovercountsheetsortags,Selection,ofitems,Samplesize,Timing,AuditDecisions,PhysicalObservationTests,Themostimportantpartoftheobservation,ofinventoryisdeterminingwhetherthe,physicalcountisbeingtakeninaccordance,withtheclientsinstructions.,Balance-RelatedObjectives:PhysicalInventoryObservation,Existence,Completeness,Accuracy,Inventory as,recordedontagsexist.,Existinginventory is,countedandtagged.,Inventory iscounted,accurately.,Classification,Cutoff,Realizable,Value,Inventory isclassified,correctly onthetags.,Transactionsarerecorded,in the proper period.,Obsoleteandunusable,inventory itemsare,excludedornoted.,Balance-RelatedObjectives:PhysicalInventory Observation,Balance-RelatedObjectives:PhysicalInventory Observation,Rights,Theclient has rights,to inventoryrecorded,on tags,Realizable,Value,Obsoleteandunusable,inventory itemsare,excludedornoted.,Audit ofPricingandCo