chapter06auditresponsibilitiesandobjectives(审.ppt

Audit Responsibilitiesand Objectives Chapter 6 Learning Objective 1 Explain the objective of conducting an audit of financial statements and an audit of internal controls. Objective of Conducting an Audit of Financial Statements Steps to Develop Audit Objectives Steps to Develop Audit Objectives Learning Objective 2 Distinguish management’s responsibility for the financial statements and internal control from the auditor’s responsibility for verifying the financial statements and effectiveness of internal control. Management’s Responsibilities Management’s Responsibilities Learning Objective 3 Explain the auditor’s responsibility for discovering material misstatements. Auditor’s Responsibilities Auditor’s Responsibilities for Discovering Illegal Acts Auditor’s Responsibilities for Discovering Illegal Acts Learning Objective 4 Classify transactions and account balances into financial statement cycles and identify benefits of a cycle approach to segmenting the audit. Financial Statements Cycles Transaction Flow Example Transaction Flow Example Relationships Among Transaction Cycles Learning Objective 5 Describe why the auditor obtains a combination of assurance by auditing class of transactions and ending balances in accounts. Balance and Transactions Affecting Balances Example Learning Objective 6 Distinguish among the five categories of management assertions about financial information. Management Assertions Learning Objective 7 Link the six general transaction- related audit objectives to the five management assertions. Transaction-Related Audit Objectives and Management Assertions Transaction-Related Audit Objectives and Management Assertions Transaction-Related Audit Objectives and Management Assertions Learning Objective 8 Link the nine general balance- related audit objectives to the five management assertions. Assertions and Balance-Related Audit Objectives General Balance-RelatedAudit Objectives General Balance-RelatedAudit Objectives General Balance-Rel