審計咨詢?nèi)藛T培訓課程英文

CompletingtheAuditChapter18LearningObjective1Conductareviewforcontingentliabilitiesandcommitments.Summaryofthe

AuditProcessPhaseIPlananddesignanauditapproach.PhaseIIPerformtestsofcontrolsandsubstantivetestsoftransactions.PhaseIIIPerformanalyticalproceduresandtestsofdetailsofbalances.PhaseIVCompletetheauditandissueanauditreport.PhaseIV–

CompletingtheAuditReviewforcontingentliabilitiesReviewforsubsequenteventsAccumulatefinalevidenceEvaluateresultsIssueauditreportCommunicatewithauditcommitteeandmanagementAcontingentliabilityispotentialfutureobligationtoanoutsidepartyforanunknownamountresultingfromactivitiesthathavealreadytakenplace.ContingentLiabilitiesLikelihoodofOccurrenceandFinancialStatementTreatment

Likelihoodof FinancialStatementOccurrenceofEvent TreatmentRemote(slightchance) NodisclosurenecessaryReasonablypossible FootnotedisclosureProbable Adjustfinancialstatements

ORfootnotedisclosureAuditProceduresfor

FindingContingenciesInquireofmanagement(orallyandinwriting)aboutthepossibilityofunrecordedcontingencies.Reviewcurrentandpreviousyears’internalrevenuereportsforincometaxsettlements.Reviewtheminutesofdirectors’andstockholders’meetingsforindicationsoflawsuits.AuditProceduresfor

FindingContingenciesAnalyzelegalexpensesandreviewinvoicesandstatementsfromlegalcounsel.Obtainaletterfromeachmajorattorneyoftheclientastothestatusofpendinglitigation.Examinelettersofcreditinforce.Reviewauditdocumentationforanyinformationthatmayindicateapotentialcontingency.LearningObjective2Obtainandevaluatelettersfromtheclient’sattorneys.Alistincluding(1)pendingthreatenedlitigationand(2)assertedorunassertedclaimsorassessmentswithwhichtheattorneyhashadinvolvement.Arequestthattheattorneyfurnishinformationorcommentabouttheprogressofeachitemlisted.InquiryofClient’sAttorneysArequestfortheidentificationofanyunlistedpendingorthreatenedlegalactionorastatementthattheclient’slistiscomplete.Astatementinformingtheattorneyoftheattorney’’sresponsibilitytoinformmanagementoflegalmattersrequiringdisclosureinthefinancialstatementsandtoresponddirectlytotheauditor.InquiryofClient’sAttorneysLearningObjective3Conductapost-balance-sheetreviewforsubsequentevents.PeriodCoveredbySubsequentEventsReviewClient’sendingbalancesheetdateAuditreportdateDateclientissuesfinancialstatementsPeriodtowhichreviewforsubsequenteventsappliesPeriodforprocessingthefinancialstatements12-31-023-11-033-26-03ThosethathaveadirecteffectonthefinancialstatementsandrequireadjustmentThosethathavenodirecteffectonthefinancialstatementsbutforwhichdisclosureisadvisableTypesofSubsequentEventsDeclarationofbankruptcybyacustomerwithanaccountsreceivablebalance.SettlementofalitigationatanamountdifferentfromtheamountrecordedonthebooksRequiringAdjustmentDisposalofequipmentnotbeingusedinoperationsatapricebelowthecurrentbookvalueSaleofinvestmentsatapricebelowrecordedcostRequiringAdjustmentAdvisabilityofDisclosureDeclineinthemarketvalueofsecuritiesheldfortemporaryinvestmentorresaleIssuanceofbondsorequitysecuritiesDeclineinthemarketvalueofinventoryasconsequenceofgovernmentactionbarringfurthersaleofaproductUninsuredlossofinventoriesasaresultoffireAmergeroranacquisitionInquiryofmanagementCorrespondwithattorneysReviewinternalstatementspreparedsubsequenttothebalancesheetdateReviewrecordspreparedsubsequenttothebalancesheetdateExamineminutesissuedsubsequenttothebalancesheetdateObtainaletterofrepresentationAuditTestsThefirstdateisthedateforthecompletionoffieldworkexceptforaspecificexception.Theseconddate,whichisalwayslater,dealswiththeexception.DualDatingLearningObjective4Designandperformthefinalstepsintheevidence-accumulationsegmentoftheaudit.Performfinalanalyticalprocedures.Evaluatethegoing-concernassumption.Obtainamanagementrepresentationletter.Considerinformationaccompanyingthebasicfinancialstatements.ReadotherinformationintheannualreportFinalEvidenceAccumulationInformationAccompanyingBasicFinancialStatementsBalancesheetIncomestatementStatementofcashflowsFootnotesBasicfinancialstatementsStandardauditor’sreportInformationAccompanyingBasicFinancialStatementsDetailedcomparativestatementsStatisticaldataScheduleofinsurancecoverageInformationaccompanyingbasicfinancialstatementsSeparateparagraph–unqualified,qualified,ordisclaimerLearningObjective5Integratetheauditevidencegathered,andevaluatetheoverallauditresults.SufficiencyofevidenceEvidencesupportsauditor’sopinionFinancialstatementdisclosuresAuditdocumentationreviewIndependentreviewEvaluateResultsEvaluatingResultsand

ReachingConclusionsActualauditevidence(bycycle,account,andobjective)AuditproceduresSamplesizeItemstoselectTimingEvaluateresults(byaccountandcycle)Estimatedmisstatement(byaccount)Achievedauditrisk(byaccountandcycle)EvaluatingResultsand

ReachingConclusionsEvaluateoverallfinancialstatementsEstimatedmisstatement(overallstatements)Achievedauditrisk(overallstatements)IssueauditreportTheauditreportistheonlythingthatmostusersseeintheauditprocessandtheconsequencesofissuinganinappropriatereportcanbesevere.IssuetheAuditReportLearningObjective6Communicateeffectivelywiththeauditcommitteeandmanagement.CommunicatefraudandillegalactsCommunicatereportableconditionsOthercommunicationwithauditcommitteeManagementlettersCommunicatewiththeAuditCommitteeandManagementLearningObjective7Identifytheauditor’’sresponsibilitieswhenfactsaffectingtheauditreportarediscoveredafteritsissuance.PeriodCoveredbySubsequentEventsReviewClient’sendingbalancesheetdateAuditreportdateDateclientissuesfinancialstatementsPeriodtowhichreviewforsubsequenteventsappliesPeriodforprocessingthefinancialstatements12-31-023-11-033-26-03PeriodinwhichsubsequentdiscoveryoffactsismadeEndofChapter189、靜夜四四無鄰，，荒居舊舊業(yè)貧。。。1月-231月-23Saturday,January7,202310、雨中黃黃葉樹，，燈下白白頭人。。。12:53:0412:53:0412:531/7/202312:53:04PM11、以我獨沈久久，愧君相見見頻。。1月-2312:53:0412:53Jan-2307-Jan-2312、故人江海別別，幾度隔山山川。。12:53:0412:53:0412:53Saturday,January7,202313、乍見見翻疑疑夢，，相悲悲各問問年。。。1月-231月-2312:53:0412:53:04January7,202314、他鄉(xiāng)生白發(fā)發(fā)，舊國見青青山。。07一月202312:53:04下午午12:53:041月-2315、比不了得就就不比，得不不到的就不要要。。。一月2312:53下下午1月-2312:53January7,202316、行動出成果果，工作出財財富。。2023/1/712:53:0412:53:0407January202317、做前前，能能夠環(huán)環(huán)視四四周；；做時時，你你只能能或者者最好好沿著著以腳腳為起起點的的射線線向前前。。。12:53:04下下午午12:53下下午12:53:041月-239、沒有失敗敗，只有暫暫時停止成成功！。1月-231月-23Saturday,January7,202310、很多事情情努力了未未必有結(jié)果果，但是不不努力卻什什么改變也也沒有。。。12:53:0412:53:0412:531/7/202312:53:04PM11、成功功就是是日復(fù)復(fù)一日日那一一點點點小小小努力力的積積累。。。1月-2312:53:0412:53Jan-2307-Jan-2312、世間成成事，不不求其絕絕對圓滿滿，留一一份不足足，可得得無限完完美。。。12:53:0412:53:0412:53Saturday,January7,202313、不知知香積積寺，，數(shù)里里入云云峰。。。1月-231月-2312:53:0412:53:04January7,202314、意志堅堅強的人人能把世世界放在在手中像像泥塊一一樣任意意揉捏。。07一一月202312:53:04下下午12:53:041月-2315、楚塞三湘接接，荊門九派派通。。。一月2312:53下下午1月-2312:53January7,202316、少年年十五五二十十時，，步行行奪得得胡馬馬騎。。。2023/1/712:53:0412:53:0407January202317、空山新新雨后，，天氣晚晚來秋。。。12:53:04下下午12:53下下午12:53:041月-239、楊柳散和和風，青山山澹吾慮。。。1月-231月-