Chapter03 Audit Reports(审计学英文版)概要1.pptVIP

Audit Reports Chapter 3 Learning Objective 1 Describe the parts of the standard unqualified audit report. Parts of the StandardUnqualified Audit Report Learning Objective 2 Specify the conditions required to issue the standard unqualified audit report. Conditions for StandardUnqualified Audit Report Conditions for StandardUnqualified Audit Report Four Categories of Audit Reports Learning Objective 3 Understand combined reporting on financial statements and internal control over financial reporting under Section 404 of the Sarbanes-Oxley Act. Sarbanes-Oxley Act Sarbanes-Oxley Act Learning Objective 4 Describe the five circumstances when an unqualified report with an explanatory paragraph or modified wording is appropriate. Unqualified Report with Explanatory Paragraph Consistency VersusComparability Consistency VersusComparability Consistency VersusComparability Substantial Doubt AboutGoing Concern Auditor Agrees with a Departurefrom a Promulgated Principle Emphasis of a Matter Reports Involving Other Auditors Learning Objective 5 Identify the types of audit reports that can be issued when an unqualified opinion is not justified. Departures from anUnqualified Opinion Qualified Opinion Adverse Opinion Disclaimer of Opinion Learning Objective 6 Explain how materiality affects audit reporting decisions. Materiality Levels of Materiality Relationship of Materiality toType of Opinion Materiality Decisions Materiality Decisions Materiality Decisions Learning Objective 7 Draft appropriately modified audit reports under a variety of circumstances. Discussion of ConditionsRequiring Departure Learning Objective 8 Determine the appropriate audit report for a given audit situation. Auditor’s Decision Process Scope Restricted by Clientor Other Conditions Statements Not Prepared in Accordance With GAAP The Auditor Is Not Independent Number of Paragraphsin the Report Learning Objective 9 Discuss the impact of e-commerce on audit reporting. Impact of E-Commerce onAudit