审计英语二.ppt

The responsible party is the organization or person (s) who: In a direct reporting engagement, is responsible for the subject matter; or In an assertion-based engagement, is responsible for the subject matter information, and may be responsible for the subject matter. The intended users are the organization or person (s) for whom the practitioner prepares the assurance report. Subject matter The subject matter and subject matter information of an assurance engagement can take many forms, such as: Financial performance or conditions (for example, historical or prospective financial position, financial performance and cash flows) for which the subject matter information would be the financial statements. Non-financial performance or conditions (for example, performance of an entity) for which the subject matter information may be key indicators of efficiency or effectiveness. Physical characteristics (for example, capacity of a facility) for which the subject matter information may be specifications document. Systems and processes (for example, an entity’s internal control or IT system) for which the subject matter information may be an assertion about effectiveness. Behavior (for example, compliance with regulation) for which the subject matter information may be a statement of compliance or a statement of effectiveness. Criteria Criteria are the benchmarks used to evaluate or measure the subject matter including, where relevant, benchmarks for presentation and disclosure. Criteria can be formal, for example in the preparation of financial statements, the criteria may be Accounting Standards for Business Enterprises, and can be informal, for example entity’s internally developed code of conduct or an agreed level of performance. Evidence The practitioner should plan and perform an assurance engagement with an attitude of professional skepticism and obtain sufficient appropriate evidence about whether the subject matter information is free from material misst