InternalControlandControlRisk(英文版)(43页).ppt

Internal Controland Control Risk Chapter 9 Learning Objective 1 Key Concepts Client’s Concerns Auditor Concerns Sales Transaction-RelatedAudit Objectives Sales Transaction-RelatedAudit Objectives How Frauds HaveBeen Discovered How Frauds HaveBeen Discovered Learning Objective 2 Effect of InformationTechnology on Internal Control Risks Associated With the Useof Information Technology Learning Objective 3 Five Componentsof Internal Control The Control Environment The Control Environment Risk Assessment Control Activities Adequate Separationof Duties Proper Authorization of Transactions and Activities Adequate Documentsand Records Physical Control overAssets and Records Independent Checkson Performance Information and Communication Monitoring Learning Objective 4 Understanding Internal Controland Assessing Control Risk Reasons for Sufficiently Understanding Internal Control Procedures to DetermineDesign and Placement Documentation ofthe Understanding Learning Objective 5 Assess Control Risk Assess Control Risk Identify and Evaluate Weaknesses The Control Risk Matrix Communication Learning Objective 6 Tests of Controls Procedures forTests of Controls Extent of Procedures Relationship of Assessed ControlRisk and Extend of Procedures Decide Planned Detection Riskand Design Substantive Tests End of Chapter 9 Assess control risk by linking strengths and weaknesses of internal control to transaction- related audit objectives. Obtain sufficient understanding for planning. Assess whether the entity is auditable. Determine assessed control risk. Assess if a lower control risk could be supported. Determine the appropriate assessed control risk. Identify transaction-related audit objectives. Identify specific controls. Identify and evaluate weaknesses. Identify existing controls. Identify the absence of key controls. Determine misstatements that could result. Consider compensating controls. Auditors use the control risk matrix to identify both controls and weak