Chapter24 Completing the Audit(审计学英文版)概要1.ppt

Completing the Audit Chapter 24 Learning Objective 1 Conduct a review for contingent liabilities and commitments. Summary of the Audit Process Phase IV – Completing the Audit Contingent Liabilities Likelihood of Occurrence and Financial Statement Treatment Auditor’s Concerns Audit Procedures for Finding Contingencies Audit Procedures for Finding Contingencies Learning Objective 2 Obtain and evaluate letters from the client’s attorneys. Inquiry of Client’s Attorneys Inquiry of Client’s Attorneys Sarbanes-Oxley Act Learning Objective 3 Conduct a post-balance-sheet review for subsequent events. Period Covered by Subsequent Events Review Types of Subsequent Events Requiring Adjustment Advisability of Disclosure Audit Tests Audit Tests Dual Dating Learning Objective 4 Design and perform the final steps in the evidence-accumulation segment of the audit. Final Evidence Accumulation Management Representation Letter Management Representation Letter Management Representation Letter: Internal Control Information Accompanying Basic Financial Statements Learning Objective 5 Integrate the audit evidence gathered, and evaluate the overall audit results. Evaluate Results Evaluate Results Completing the Engagement Checklist Completing the Engagement Checklist Completing the Engagement Checklist Evaluating Results and Reaching Conclusions Evaluating Results and Reaching Conclusions Issue the Audit Report Learning Objective 6 Communicate effectively with the audit committee and management. Communicate with the Audit Committee and Management Learning Objective 7 Identify the auditor’s responsibilities when facts affecting the audit report are discovered after its issuance. Period Covered by Subsequent Events Review End of Chapter 24 YES NO 1. Examination of prior year’s audit documentation a. Were last year’s audit files examined for areas of emphasis in the current-year audit? b. Was the permanent file reviewed for items that affect the current year?