AuditoftheAcquisitionandPaymentCycle(英文版)(ppt35页)课件.ppt

Audit of the Acquisition andPayment Cycle: Tests of Controls,Substantive Tests of Transactions,and Accounts Payable Chapter 14 Learning Objective 1 Transactions in the Acquisitionand Payment Cycle Accounts in the Acquisitionand Payment Cycle Accounts in the Acquisitionand Payment Cycle Learning Objective 2 Classes of Transactionsand Accounts Classes of Transactionsand Accounts Business Functionsin the Cycle Documents and Records Documents and Records Documents and Records Learning Objective 3 How E-Commerce Affects the Acquisition and Payment Cycle How E-Commerce Affects the Acquisition and Payment Cycle Learning Objective 4 Understand Internal Control Assess Planned Control Risk Evaluate Cost-Benefitof Testing Controls Controls and Substantive Tests ofTransactions for Acquisitions Controls and Substantive Tests ofTransactions for Acquisitions Controls and Substantive Tests ofTransactions for Cash Disbursements Learning Objective 5 Methodology for Designing Testsof Details of Balances for A/P Learning Objective 6 Analytical Procedures for the Acquisition and Payment Cycle Analytical Procedures for the Acquisition and Payment Cycle Learning Objective 7 Out-of-Period Liability Tests Out-of-Period Liability Tests Cutoff Tests Learning Objective 8 Reliability of Evidence Sample Size End of Chapter 14 Relationship of cutoff to physical observation of inventory Inventory in transit Distinguish the reliability of vendors’ invoices, vendors’ statements, and confirmations of accounts payable as audit evidence. Distinction between vendors’ invoices and vendors’ statements Difference between vendors’ statements and confirmations 14 - * ?2003 Prentice Hall Business Publishing, Essentials of Auditing 1/e, Arens/Elder/Beasley ?2003 Prentice Hall Business Publishing, Essentials of Auditing 1/e, Arens/Elder/Beasley Identify the accounts and the classes of transactions in the acquisition and payment cycle. 1. Acquisitions of goods and services 2. Cash disbursem