chapter24completingtheaudit(亩审计学-英文版).ppt

Chapter24CompletingtheAudit(审计学-英文版);Learning Objective 1;Summary of the Audit Process;Phase IV – Completing the Audit;Contingent Liabilities;Likelihood of Occurrence and Financial Statement Treatment;Auditor’s Concerns;Audit Procedures for Finding Contingencies;Audit Procedures for Finding Contingencies;Learning Objective 2;Inquiry of Client’s Attorneys;Inquiry of Client’s Attorneys;Sarbanes-Oxley Act;Learning Objective 3;Period Covered by Subsequent Events Review;Types of Subsequent Events;Requiring Adjustment;Advisability of Disclosure;Audit Tests; Inquire of management. Correspond with attorneys. Review internal statements prepared subsequent to the balance sheet date. Review records prepared subsequent to the balance sheet date. Examine minutes issued subsequent to the balance sheet date. Obtain a letter of representation,;Dual Dating;Learning Objective 4;1. Perform final analytical procedures. 2. Evaluate the going-concern assumption. 3. Obtain a management representation letter. 4. Consider information accompanying the basic financial statements. 5. Read other information in the annual report.;Management Representation Letter;1. Financial statements 2. Completeness of information 3. Recognition, measurement, and disclosure 4. Subsequent events 5. Internal control ;1. Management’s acknowledgment of its responsibility for establishing and maintaining effective internal control over financial reporting 2. Management’s conclusion about the effectiveness of internal control over financial reporting as of the end of the fiscal period 3. Disclosure of all deficiencies 4. Management’s knowledge of any fraud;Information Accompanying Basic Financial Statements;Learning Objective 5;Evaluate Results;Evaluate Results;Completing the Engagement Checklist;Completing the Engagement Checklist;Completing the Engagement Checklist;Evaluating Results and Reaching Conclusions;Evaluating Results and Reaching Conclusions;The audit repor