内部控制审计外文翻译.docVIP

外文 原文 Audits of Internal Control Material Source: /cpajournal/2005/505/essentials/p22.htm Author: Jack W. Paul MAY 2005 - The Sarbanes-Oxley Act of 2002 requires public accounting firms that audit public companies to register with the Public Company Accounting Oversight Board (PCAOB) and to adhere to professional standards established by the board for audits of public companies. The PCAOB’s pronouncement, Auditing Standard 2, An Audit of Internal Control over Financial Reporting Performed in Conjunction with an Audit of Financial Statements, requires auditors to issue an opinion on the effectiveness of their public company clients’ internal control. On June 5, 2003, the SEC issued Release 33-8238 to implement section 404(a) of the Sarbanes-Oxley Act (SOA), which requires management to include in the annual report to shareholders its assessment of the effectiveness of internal control. The company’s external auditors must attest to and report on management’s assessment for fiscal years beginning on or after January 15, 2006, for accelerated filers, and on or after July 15, 2006, for no accelerated filers. Standard 2 imposes many new responsibilities on public companies’ auditors and, by extension, on the public companies themselves. In it over 200 pages, Standard 2 delineates the PCAOB’s expectations for an internal control audit. Auditor’s　responsibilities. Standard 2 requires the auditor to do the following: Understand and evaluate management’s process for assessing the effectiveness of the company’s internal control over financial reporting. Plan and conduct an audit of the company’s internal control. Based on this audit, provide an opinion on management’s written assessment about the effectiveness of the company’s internal control. This opinion incorporates the auditor’s opinion on the effectiveness of the company’s internal control over financial reporting. These responsibilities augment those required for the financial statement audit. Included Entities I