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

Lecture Principles of auditing and other assurance services (15/e) - Chapter 15: Debt and equity capital. The details of the audit of long-term debt and equity accounts were discussed in this chapter. The chapter includes a description of the controls for these types of accounts, and the audit procedures that the auditors use to substantiate long-term debt and equity accounts. | Debt and Equity Capital Chapter 15 1 Internal Control Over Interest-- Bearing Debt Authorization by the board of directors Use of an independent trustee Interest Payments on Bonds and Notes Payable--Cash disbursement controls 15- 2 2 Objectives for the Audit of Interest-Bearing Debt Consider inherent risks, including fraud risks. Consider internal control over interest-bearing debt. Determine the existence of recorded interest-bearing debt. Establish the completeness of recorded interest- bearing debt. Determine that the client has obligations to pay the recorded interest-bearing debt. Determine that the valuation of interest-bearing debt is in accordance with generally accepted accounting principles. Determine that the presentation and disclosure of interest-bearing debt are appropriate. 15- Substantive Tests of Interest- Bearing Debt Obtain analyses of interest-bearing debt and related accounts Examine copies of notes payable and supporting documents Confirm .

• Kế toán - Kiểm toán
• Principles of auditing
• Assurance services
• Equity capital
• Internal control
• Interest bearing debt
• Substantive tests
• 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
• 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
• 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
• 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