审计学：一种整合方法 阿伦斯 英文版 第12版RRChapter10.pptVIP

Section 404 Audits of Internal Control and Control Risk Chapter 10 Learning Objective 1 Describe the three primary objectives of effective internal control. Internal Control Objectives Learning Objective 2 Contrast management’s responsibilities for maintaining and reporting on internal controls with the auditor’s responsibilities for understanding, testing, and reporting on internal controls. Management and Auditor Responsibilities Relatedto Internal Control Management and Auditor Responsibilities Relatedto Internal Control Management and Auditor Responsibilities Relatedto Internal Control Sales Transaction-related Audit Objectives Sales Transaction-related Audit Objectives Learning Objective 3 Explain the five components of the COSO internal control framework. Five Components of Internal Control The Control Environment The Control Environment Risk Assessment Control Activities Adequate Separation of Duties Proper Authorization of Transactions and Activities Adequate Documents and Records Physical Control Over Assetsand Records Independent Checks on Performance Information and Communication Monitoring SEC and COSO Focus on Smaller Public Companies Learning Objective 4 Obtain and document an understanding of internal control. Process for Understanding Internal Control and Assessing Control Risk Obtain and Document Understanding of Internal Control Methods Used Narrative Evaluating Internal Control Operation Learning Objective 5 Assess control risk by linking key controls, significant deficiencies, and material weaknesses to transaction-related audit objectives. Assess Control Risk Control Risk Matrix Control Risk Matrix Evaluating Significant Control Deficiencies Identify Deficiencies and Weakness Communications Learning Objective 6 Describe the process of designing and performing tests of controls. Tests of Controls Procedures for Tests of Controls Extent of Procedures Relationship of Assessed ControlRisk and Extent of Procedures Decide Planned Detection Risk a