TAILIEUCHUNG - Lecture Principles of auditing and other assurance services (15/e): Chapter 7 - Whittington, Pany

Lecture Principles of auditing and other assurance services (15/e) - Chapter 7: Internal control. This chapter explained the meaning and significance of internal control, the major components of the client's internal control, and the manner in which auditors consider internal control. | Internal Control Chapter 7 1 Summary of Internal Control Definition A process .designed to provide reasonable , achievement of (the entity’s) objectives on: Effectiveness and efficiency of operations Reliability of financial reporting Compliance with applicable laws and regulations 7- 2 2 Components of Internal Control The Control Environment Risk Assessment The Accounting Information and Communication System Control Activities Monitoring 7- 3 3 Control Environment Factors Integrity and ethical values Commitment to competence Board of directors or audit committee Management philosophy and operating style Organizational structure Human resource policies and practices Assignment of authority and responsibility 7- 4 4 Risk Assessment--Factors Indicative of Increased Financial Reporting Risk Changes in the regulatory or operating environment Changes in personnel Implementation of a new or modified information system Rapid growth of the organization .

• Kế toán - Kiểm toán
• Principles of auditing
• Assurance services
• Internal control
• Control environment factors
• Accounting System
• Control activities
• Compliance auditing
• Internal auditing profession
• Operational audit
• Lecture Principles of auditing
• Bài giảng Nguyên lý kiểm toán
• Auditor legal liability
• Audit planning
• Audit evidence
• Audit procedures
• Auditing operations
• Completing the audit
• Income statement accounts
• Administrative expenses
• International auditing overview
• The audit market
• Professional accountants
• Client acceptance
• Understanding the entity
• Additional assurance services
• Historical financial information
• Audit report
• Special reports
• Attestation engagements
• Internal control integrated framework
• Examination report
• Public accountant
• American economy
• Professional services
• Financial statements
• Professional standards
• Standards of reporting
• GAAP hierarchy
• Public accounting profession
• Professional ethics
• Ethical dilemma
• Nature of ethics
• Establishing professional ethics
• Legal liability of auditors
• CPA liability
• Criminal liability
• Securities laws
• Audit documentation
• Audit risk
• Audit risk formula
• Planning the audit
• Linking audit procedures
• Assessing fraud risks
• IT environment
• Computer hardware
• IT control activities
• Audit sampling
• Statistical sampling
• Random sample
• Statistical sampling plans
• Financial investments
• Audit cash
• Accounts receivable
• Notes receivable
• Revenue cycle
• Revenue cycle controls
• Cost of goods sold
• Conversion cycle
• Physical inventory
• Controls over plant
• Audit of intangibles
• Long lived assets
• Audit of property
• Accounts payable
• Acquisition cycle
• Audit accounts payable
• Equity capital
• Interest bearing debt
• Substantive tests
• Auditors’ reports
• Nonpublic entity audits
• Public company audits
• Integrated audits
• Management’s responsibility
• Analytical procedures
• Substantive testing
• Audit reports
• Corporate governance
• Understanding the client
• Assessing risks