会计英语unit13Auditing教学教材演示幻灯片.ppt

Unit 13 Auditing An audit is an exercise whose objective is to enable auditors to express an opinion whether the financial statements are prepared, in all material respects, in accordance with an identified financial reporting framework. Audit provides high, but not absolute level of assurance, expressed in the audit report as reasonable assurance. Reasonable assurance is not a guarantee of correctness, but an assurance of truth and fairness within a reasonable margin of error. Content Ⅰ. Auditing Standard and Professional Ethics Ⅱ. Types of Auditing Ⅲ. Auditing Procedures Ⅳ. Audit Report Ⅴ. Types of Audit Report Ⅵ. A sample of audit report (CSAC) General Standards Fieldwork Standards Reporting Standards 1.Auditing Standard Ⅰ. Auditing Standard and Professional Ethics General Standards 1.The auditor must have adequate technical training and proficiency to perform the audit. 2.The auditor must maintain independence in mental attitude in all matters related to the audit. 3.The auditor must use due professional care during the performance of the audit and the preparation of the report. Fieldwork Standards 1. The auditor must adequately plan the work and must properly supervise any assistants. 2. The auditor must obtain a sufficient understanding of the entity and its environment, including its internal control, to assess the risk of material misstatement of the financial statements whether due to error or fraud, and to design the nature, timing, and extent of further audit procedures. 3. The auditor must obtain sufficient appropriate audit evidence by performing audit procedures to afford a reasonable basis for an opinion regarding the financial statements under audit. Reporting Standards 1.The auditor must state in the auditors report whether the financial statements are presented in accordance with generally accepted accounting principles. 2.The auditor must identify in the auditors report those circumstances in which such principles have not been c