TAILIEUCHUNG - Lecture Principles of auditing and other assurance services (15/e): Chapter 11 - Whittington, Pany

Chapter 11 - Accounts receivable, notes receivable and revenue. In this chapter we described the details of controls over receivables and revenue, the auditors' consideration of these controls, and substantive tests of the receivables and revenue accounts. | Accounts Receivable, Notes Receivable and Revenue Chapter 11 1 Internal Control Over the Revenue Cycle Controlling customers’ orders Credit approval Issuing merchandise Shipping Billing Adjustments to sales and receivables 11- 2 2 Revenue Cycle--Documents Customer purchase order Sales order Bill of lading Invoice Control listing Credit memo 11- 3 4 Revenue Cycle Controls Segregation of duties--sales and collections Matching of sales invoices and shipping documents Clerical accuracy checks on invoices Credit approval for sales transactions Mailing of monthly statements Reconciliation of bank accounts Use of control listing of cash receipts Use of budgets and analysis of variances Control over shipping and billing documents Use of authorized credit memoranda Use of chart of accounts and review of account codings 11- 4 5 11- Objectives for the Audit of Receivables and Revenue Consider inherent risks of receivables and revenue, including fraud risks. Consider control .

• Kế toán - Kiểm toán
• Principles of auditing
• Assurance services
• Accounts receivable
• Notes receivable
• Revenue cycle
• Revenue cycle controls
• 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
• Internal control
• 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
• Control environment factors
• Accounting System
• Control activities
• IT environment
• Computer hardware
• IT control activities
• Audit sampling
• Statistical sampling
• Random sample
• Statistical sampling plans
• Financial investments
• Audit cash
• 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