上海财经大学审计学章节课件 (3)

3-5
Yearly Distribution of Qualified Opinion in China
Around 90% ~ 95% listed firms in China got unqualified opinion
each year. 无保留意见加解释说明段
7.0%
Unqualified w Emphasis
Audit Reports
Chapter 3
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Up to Now
Financial Statements
3-6
For 2014-2017
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Key Points
➢ The components of the standard unqualified audit report (标准无保留意见)
The appropriate date for the report is the one on which the auditor completed the auditor procedures. The last day of auditor’s responsibility to search for material transactions and events.
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Auditor’s responsibility
注册会计师的责任
The first paragraph states that the auditor’s responsibility is to ewacxacpsercepostesnddanuincottpehdieniiUnonSa.coRcneoatrhsdoeannfnicAnoeatswsnaucigtriahaulnaascruteaadn(ti合etteimn理egen保sttas证nadn)adrdthsagtetnheeraalulydit
Misstatements
Audit Evidence
审计证据
Shan©g2h0a12i PUeanrsivoneErsduitcyatioonf, FAuindiatinngc1e4/ea, AnrdensE/Ecldoenr/Boemasilecys
Provide Assurance
Audit Opinion
1.2% 0.3%
0.8% 0.2%
0.6% 0.1%
0.9% 0.2%
2004
2005
2006
2007
2008
2009
Year
2010
2011
2012
2013
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This paragraph also notes that the audit is designed to obtain reasonable assurance about whether the financial statements are free of material misstatement. The inclusion of the word material conveys that auditors are only responsible to search for significant misstatements, not minor misstatements that do not affect users’ decisions.
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Parts of the Standard Unqualified Audit Report
1. Report title (标题) 2. Audit report address (收件人) 3. Introductory paragraph (引言段) 4. Scope paragraph (范围段) 5. Opinion paragraph (意见段) 6. Name of CPA firm (事务所名称) 7. Audit report date (报告日期)
➢ How materiality affects audit reporting dewk.baidu.comisions.
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6.0%
5.6% 5.8% 保5.留7% 意见Qualified
5.0% 5.0%
4.2%
4.0%
3.8%
5.0%
4.6%
无法表示意见Disclaime4r.0% 3.9%
3.0% 2.0% 1.0% 0.0%
2.0%
2.0%
2.4% 2.0%
2.8%
2.3%
1.1% 0.9%
1.11%.0%
1.1% 0.8%
General Ring Corporation
We have audited the accompanying balance sheets of General Ring Corporation as of December 31, 2016 and 2015, and the related statements of income, changes in stockholders’ equity, and cash flows for the years then ended, and the related notes to the financial statements.
审计意见
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The annual audit of MM revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue:应该签发何种审计意见
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Types of Audit Report
How to write?
When to issue? Audit Report
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Learning Objective
Describe the parts of the standard unqualified audit report (标准无保留意见).
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The use of the term reasonable assurance is intended to indicate that an audit cannot be expected to completely eliminate the possibility that a material misstatement will exist in the financial statements. In other words, an audit provides a high level of assurance, but it is not a guarantee.
Unqualified
标准无保留
Unqualified W Explanatory Paragraph 标准无保留 加解释说明段
Qualified 保留意见
Disclaimer
无法表示意见
Adverse
否定意见
Clean Opinion
Modified Opinion
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➢ A)An unqualified opinion or adverse opinion. ➢ B)A qualified ‘except for’ opinion or disclaimer opinion. ➢ C)A qualified ‘except for’ opinion or adverse opinion. ➢ D)An unqualified opinion with an explanatory paragraph.
➢ The five circumstances when an unqualified report with an explanatory paragraph or modified wording (无保留 意见加解释说明段) is appropriate
➢ The circumstances when an qualified report / disclaimer is appropriate (保留意见/无法表示意见)
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Unqualified Opinion with Emphasis of Matter: Change of Accounting Method
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3 - 12
Audit report date
审计报告签发日
The date indicates the last day of the auditor’s responsibility for the review of significant events that occurred after the date of the financial statements.
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3 - 13
Audit report
Audit Report Address
To the Board of Directors and Stockholders
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Parts of the Standard Unqualified
(Unmodified) Audit Report