OtherAssuranceServices(英文版)(ppt56页)课件.ppt

Other Assurance Services Chapter 24 Attestation Engagements Types of Engagementsand Related Reports WebTrust Services Seven WebTrust Principles Seven WebTrust Principles Seven WebTrust Principles Seven WebTrust Principles SysTrust Services Four SysTrust Principles Prospective Financial Statements Forecasts and Projections Forecast – current operations projected to future, general or limited use Projections – hypothetical situation projected to future, limited use only Both can be examined, compiled or agreed upon procedures Examinations Evaluate the preparation of statements Evaluate underlying assumptions Evaluate presentation according to AICPA guidelines Issue an examination report Reporting on Internal Control Perform Internal Control Examination Planning the engagement Obtaining an understanding of the internal controls Evaluate the design effectiveness of internal controls Test and evaluate how the controls are operating Form an opinion about management’s fair presentation of the internal control effectiveness.? Agreed-Upon Procedures Engagements Review and Compilation Services Relationship between EvidenceAccumulation and Assurance Attained Review Services Review Procedures Obtaining an understanding of the client Analytical procedures Reading the financial statements Inquiries to management about accounting policies and GAAP Conformity, consistency Changes in business or accounting policies Other procedures deemed necessary Written representation letter ? Make Inquiresof Management Form of Report Form of Report Review Reporting A review does not express an opinion Disclaimer type of report. Gives negative assurance States that the CPA is not aware of any material modifications or departures from GAAP. Statements on Standards for Accounting and Review Services are followed for a review of unaudited F/S? Review Report Introductory We have reviewed the balance sheet of XYZ for year 1, 2, 3 and the related statements of income, retained earnings and ca