审计学一种整合方法课件
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1. Significant recurring operating losses or working capital deficiencies.
2. Inability of the ቤተ መጻሕፍቲ ባይዱompany to pay its obligations as they come due.
3. Loss of major customers, the occurrence of uninsured catastrophes.
Conditions for Standard Unqualified Audit Report
4. The financial statements are presented in accordance with generally accepted accounting principles.
• Specify the conditions required • to issue the standard unqualified • audit report.
Conditions for Standard Unqualified Audit Report
1. All financial statements are included.
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
Learning Objective 2
Sarbanes-Oxley Act
This Act requires the auditor of a public company to attest to management’s report on the effectiveness of internal control over financial reporting.
5. There are no circumstances requiring the addition of an explanatory paragraph or modification of the wording of the report.
Four Categories of Audit Reports
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.
Unqualified Report with Explanatory Paragraph
1. Lack of consistent application of generally accepted accounting principles
2. Substantial doubt about going concern
1. Standard unqualified 2. Unqualified with explanatory paragraph
or modified wording 3. Qualified 4. Adverse or disclaimer
Learning Objective 3
• Understand combined reporting • on financial statements and • internal control over financial • reporting under Section 404 of • the Sarbanes-Oxley Act.
Audit Reports
•Chapter 3
Learning Objective 1
• Describe the parts of the standard • unqualified audit report.
Parts of the Standard Unqualified Audit Report
Learning Objective 4
• Describe the five circumstances • when an unqualified report with • an explanatory paragraph or • modified wording is appropriate.
PCAOB Auditing Standard 2 requires the audit of internal control to be integrated with the audit of the financial statements.
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
3. Auditor agrees with a departure from promulgated accounting principles
4. Emphasis of a matter
5. Reports involving other auditors
Substantial Doubt About Going Concern
2. Inability of the ቤተ መጻሕፍቲ ባይዱompany to pay its obligations as they come due.
3. Loss of major customers, the occurrence of uninsured catastrophes.
Conditions for Standard Unqualified Audit Report
4. The financial statements are presented in accordance with generally accepted accounting principles.
• Specify the conditions required • to issue the standard unqualified • audit report.
Conditions for Standard Unqualified Audit Report
1. All financial statements are included.
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
Learning Objective 2
Sarbanes-Oxley Act
This Act requires the auditor of a public company to attest to management’s report on the effectiveness of internal control over financial reporting.
5. There are no circumstances requiring the addition of an explanatory paragraph or modification of the wording of the report.
Four Categories of Audit Reports
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.
Unqualified Report with Explanatory Paragraph
1. Lack of consistent application of generally accepted accounting principles
2. Substantial doubt about going concern
1. Standard unqualified 2. Unqualified with explanatory paragraph
or modified wording 3. Qualified 4. Adverse or disclaimer
Learning Objective 3
• Understand combined reporting • on financial statements and • internal control over financial • reporting under Section 404 of • the Sarbanes-Oxley Act.
Audit Reports
•Chapter 3
Learning Objective 1
• Describe the parts of the standard • unqualified audit report.
Parts of the Standard Unqualified Audit Report
Learning Objective 4
• Describe the five circumstances • when an unqualified report with • an explanatory paragraph or • modified wording is appropriate.
PCAOB Auditing Standard 2 requires the audit of internal control to be integrated with the audit of the financial statements.
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
3. Auditor agrees with a departure from promulgated accounting principles
4. Emphasis of a matter
5. Reports involving other auditors
Substantial Doubt About Going Concern