TAILIEUCHUNG - Lecture Principles of auditing and other assurance services (15/e): Chapter 16 - Whittington, Pany

Chapter 16 - Auditing operations and completing the audit. The goals of this chapter are: Identify the audit objectives for revenue and expense accounts, explain the relationships between revenue and expense accounts and balance sheet accounts, describe the fundamental controls over payroll,. | Auditing Operations and Completing the Audit Chapter 16 1 Relationships Between Balance Sheet and Income Statement Accounts Balance Sheet Item Revenue Expenses Accounts receivable Notes receivable Securities and investments Sales Interest, Interest, dividends, gains, investee’s income Uncollectible accounts Uncollectible notes Losses Inventories Purchases, cost of goods sold, payroll Property, plant and equip. Intangible assets Prepaid expenses Accrued liabilities Rent, gains Royalties Depreciation; repairs Amortization Various expenses Various expenses Interest-bearing debt Interest 16- 2 2 Substantive Tests for Selling, General and Administrative Expenses Perform analytical procedures Develop an expectation of the account balance Determine the amount of difference from the expectation that can be accepted without investigation Compare the company’s account balance with the expected account balance Investigate significant deviations from the expected account balance Obtain or .

• Kế toán - Kiểm toán
• Principles of auditing
• Assurance services
• Auditing operations
• Completing the audit
• Income statement accounts
• Administrative expenses
• 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
• 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
• 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