TAILIEUCHUNG - Lecture Auditing and assurance services (International edition) - Chapter 2: The financial statement auditing environment

In this chapter you will be familiar with the different types of auditors; be familiar with the various services offered by assurance providers; understand the organization and composition of public accounting firms; understand the significant changes that have taken place in the auditing profession over the past decade. | Chapter Two The Financial Statement Auditing Environment Problems and Warning Signs 1990 2000 During the economic boom of the late 1990s and the early 2000s, accounting firms aggressively sought opportunities to market a variety of high-margin non- audit services to their audit clients. Problems and Warning Signs An Explosion of Scandals Enron WorldCom Ahold Xerox Parmalat Regulatory Pressure Self-regulation for the profession versus government regulation End of the era of self-regulation? Stronger elements of external oversight and regulation International Standards on Auditing more restrictive A Model of Business Board of Directors Audit Committee Business organizations exist to create value for their stakeholders. Due to the way resources are invested and managed in the modern business world, a system of corporate governance is necessary, through which managers are overseen and supervised. A Model of Business Processes: Five Components Financing Process Purchasing Process Human Resource Management Process Inventory Management Process Revenue Process Management Assertions Financial statements issued by management contain explicit and implicit assertions. Transactions Management asserts that transactions related to inventory actually occurred. Account Balances Management asserts that the entity owns the inventory represented in the inventory account. Presentation & Disclosure Management asserts that the financial statements properly classify and present the inventory. International Auditing and Assurance Standards Board (IAASB) Pronouncements Auditing Standards Auditing standards serve as guidelines for and measures of the quality of the auditor’s performance. IFAC members IAASB General Principles and Responsibilities ISA 200 Objective and General Principles Governing an Audit of Financial Statements ISA 210 Terms of Audit Engagements ISA 220 Quality Control for Audits of Historical Financial Information ISA 230 Audit Documentation ISA 240 The Auditor’s .

• Kế toán - Kiểm toán
• Auditing environment
• Financial statement auditing
• Audit planning
• Internal control
• Auditing business processes
• Auditing demands logic
• Auditing services
• Assurance services
• Auditing internal control
• Financial statement auditing environment
• Information technology
• Automated application controls
• Contemporary auditing environment
• Financial statement audit
• Auditing and assurance services
• Professional standards
• Auditing standards
• Attestation engagements
• Account balances
• Auditing research
• Accounting research
• Environment of accounting research
• Aaccounting environment
• International research
• Environment of international research
• International accounting environment
• International accounting standards board
• Bài giảng Bảo mật cơ sở dữ liệu
• Bảo mật cơ sở dữ liệu
• Cơ sở dữ liệu
• Database auditing models
• Gain an overview of auditing fundamentals
• Understand the database auditing environment
• List the basic objectives of an audit
• Production cycle
• Management reports
• Investment cycle
• Finance activities
• Completing the audit
• Management estimates
• Audited financial statements
• Group financial statements
• Attestation standards
• Professional ethics
• Ethical decision process
• Legal liability
• Auditor liability