Pavendan Pugalendi课件.ppt

Copyright ? 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Auditing Assurance Services, 6e Chapter 01 Auditing and Assurance Services “Our system of capital formation relies upon the confidence of millions of savers to invest in companies. The auditor’s opinion is critical to that trust. -- James R. Doty, Chairman Public Company Accounting Oversight Board (PCAOB) 1-* Learning Objectives Define information risk and explain how the financial statement auditing process helps to reduce this risk, thereby reducing the cost of capital for a company. Define and contrast financial statement auditing, attestation, and assurance services. Describe and define the assertions that management makes about the recognition, measurement, presentation, and disclosure of the financial statements and explain why auditors use them as the focal point of the audit. Define professional skepticism and explain its key characteristics. Describe the organization of public accounting firms and identify the various services that they offer. Describe the audits and auditors in governmental, internal, and operational auditing. List and explain the requirements for becoming a certified public accountant (CPA) and other certifications available to an accounting professional. 1-* Definition of Auditing Auditing is a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between the assertions and established criteria and communicating the results to interested users. Financial Statements (including footnotes) GAAP Auditors Report/ Other Reports Persons who rely on the financial reports Creditors Investors Source: American Accounting Association Committee on Basic Auditing Concepts. 1973. A Statement of Basic Auditing Concepts, American Accounting Association (Sarasota, FL). 1-* Attestation En