前期财务错报对本期审计意见影响分析与处理.pdfVIP

LYQualified–DoesitaffectTY?

去年FS错了，已经发现Qualify，关注对今年的影响

-Un-resolved,stillqualify

-Resolved,unmodified

LYUnmodified-DiscoverPYE(PriorYearError),DoesitaffectTY?

去年FS错了，没有发现Unmodified，今年发现了，关注对今年的影响

AsperIAS8,retrospectiveapplication.AskmanagementtoamendLYFS.

-Yes,amended,unmodified+EOM

-No,un-amended,considermaterialityandpervasiveness,maybequalify

2014/6Q3b

YouareanauditmanagerinRoseCo,responsiblefortheauditofCooperCo.

Youarereviewingtheauditworkingpapersrelatingtothefinancialyearended31

January2014.CooperCoisamanufacturerofchemicalsusedintheagricultural

industry.Thedraftfinancialstatementsrecogniseprofitfortheyearto31January

2014of$15million(2013–$20million)andtotalassetsof$240million(2013–

$230million).

2014/6Q3b

Maxnoticedthatasectionoftheauditfilehadnotbeencompletedontheprevious

year’saudit.Theincompletesectionrelatestoexpenditureincurredintheyearto

31January2013,whichappearsnottohavebeenauditedatallintheprioryear.

Theexpenditureof$1·2millionwasincurredinthedevelopmentofaninternally

generatedbrandname.Theamountwascapitalisedasanintangibleassetat31

January2013,andthatamountisstillrecognisedat31January2014.

Required:

Exintheimplicationsofthismatterforthecompletionoftheaudit,andanyother

professionalissuesraised,recommendinganyactionstobetakenbytheauditor.(5

marks)

Implicationsofthismatterforthecompletionoftheaudit