审计英语课件第4章.pptVIP

Valuation and Allocation Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts and any resulting valuation or allocation adjustments are appropriately recorded. This objective refers to amounts being included at the correct arithmetic amount. * . An inventory item on a clients inventory listing could be wrong because the number of units of inventory on hand was misstated, the unit price was wrong, or the total was incorrectly extended. This objective also concerns whether an account balance has been reduced for declines from historical cost to net realizable value. * . 3.3.4 Presentation and disclosure-related audit objectives In fulfilling the presentation and disclosure objectives, the auditor tests to make certain that all balance sheet and income statement accounts and related information are correctly set forth in the financial statements and properly described in the body and footnotes of the statements. Assertions about presentation and disclosure for the period under audit used by the auditor fall into the following categories: * . The fact that most audit evidence is persuasive rather than conclusive Accounting presentations contain complex estimates, which inherently involve uncertainty and can be affected by future events. As a result, the auditor has to rely on evidence that is persuasive, but not convincing. * . The work undertaken by the auditor to form an audit opinion is permeated by judgment The areas to be tested; the type, extent, and timing of those tests; and the evaluation of test results require significant auditor judgment. Even with good faith and integrity, auditors may make mistakes and errors in judgment. * . 审计的固有限制源于财务报告的性质、审计程序的性质和在合理的时间内以合理的成本完成审计的需要。 * . 3.2 Management Assertions 3.2.1 Definition of Management Assertions 3.2.2 Categories of Management Assertions * . Glossary management assertions 管理层认定 assertions about existence or occurrence 存在或发生认定 assertions about com