如何成为合格的审计咨询师精品文稿.ppt

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1、如何成如何成为合格的合格的审计咨咨询师第1页，本讲稿共43页Learning Objective 1Discuss why adequate auditplanning is essential.第2页，本讲稿共43页PlanningThe work is to be adequately planned,andassistants,if any,are to be properly supervised.Acceptable audit riskInherent risk第3页，本讲稿共43页Planning an Audit andDesigning an ApproachAccept c

2、lient andperform initialaudit planningUnderstand theclients businessand industryAssess clientbusiness riskPerform preliminaryanalytical procedures第4页，本讲稿共43页Planning an Audit andDesigning an ApproachSet materiality,andassess acceptable auditrisk and inherent riskDevelop overallaudit plan andaudit pr

3、ogramUnderstand internalcontrol and assesscontrol risk第5页，本讲稿共43页Learning Objective 2Make client acceptancedecisions and performinitial audit planning.第6页，本讲稿共43页Initial Audit PlanningClient acceptance and continuationIdentify clients reasons for audit.Obtain an understanding with the client.Select

4、staff for the engagement.第7页，本讲稿共43页Learning Objective 3Gain an understanding of theclients business and industry.第8页，本讲稿共43页Understanding of the Clients Business and IndustryWhat are some factors that have increasedthe importance of understanding theclients business and industry?GlobaloperationsInf

5、ormationtechnologyHumancapital第9页，本讲稿共43页Understanding of the Clients Business and IndustryUnderstand Clients Business and Industry Industry and External EnvironmentBusiness Operations and ProcessesManagement and GovernanceObjectives and StrategiesMeasurement and Performance第10页，本讲稿共43页Industry and

6、External EnvironmentWhat are some reasons for obtaining an understanding of the clients industry and external environment?Risks associated with specific industriesInherent risks common to all clients in certain industriesUnique accounting requirements第11页，本讲稿共43页Business Operationsand ProcessesFacto

7、rs the auditor should understand:major sources of revenue sources of revenue key customers and suppliers sources of financing information about related parties ability to obtain financing第12页，本讲稿共43页Management and GovernanceManagement establishes the strategies andprocesses followed by the clients b

8、usiness.Governance includes the clients organizationalstructure,as well as the activities of the boardof directors and the audit committee.Corporate charter and bylawsMinutes of meetings第13页，本讲稿共43页Client Objectivesand StrategiesStrategies are approaches followed by theentity to achieve organization

9、al objectives.Auditors should understand client objectives.Effectivenessand efficiencyof operationsFinancialreportingreliabilityCompliancewith laws andregulations第14页，本讲稿共43页Measurement and PerformanceThe clients performance measurement systemincludes key performance indicators.Examples:Performance

10、measurement includes ratio analysisand benchmarking against key competitors.market share sales per employee unit sales growth Web site visitors same-store sales sales/square foot第15页，本讲稿共43页Learning Objective 4Assess client business risk.第16页，本讲稿共43页Assess Client Business RiskClient business risk is

11、 the risk that theclient will fail to achieve its objectives.What is the auditors primary concern?material misstatement of the financialstatements due to client business risk第17页，本讲稿共43页The Clients Business,Risk,andAuditors Risk AssessmentIndustry and External EnvironmentBusiness Operations and Proc

12、essesManagement and GovernanceObjectives and StrategiesMeasurement and PerformanceUnderstand ClientsBusiness and IndustryAssess ClientBusiness RiskAssess Risk ofMaterial Misstatements第18页，本讲稿共43页Learning Objective 5Perform preliminaryanalytical procedures.第19页，本讲稿共43页Preliminary Analytical Procedure

13、sComparison of client ratios to industryor competitor benchmarks provides anindication of the companys performance.Analytical procedures are also an importantpart of testing throughout the audit.第20页，本讲稿共43页Examples of PlanningAnalytical ProceduresLiquidity Activity RatioInventory turnover3.465.20Ab

14、ility to Meet Long-Term ObligationsDebt to equity1.732.51ProfitabilityReturn on assets0.090.09ClientIndustryShort-Term Debt-Paying AbilityCurrent ratio3.865.20Selected Ratios第21页，本讲稿共43页Key Parts of PlanningAccept Client and PerformInitial PlanningNew clientacceptance andcontinuanceObtain anundersta

15、ndingwith clientIdentify clientsreasons forthe auditStaff theengagement第22页，本讲稿共43页Key Parts of PlanningUnderstand the ClientsBusiness and IndustryUnderstandclients industryand externalenvironment Understandclients operations,strategies,andperformance system第23页，本讲稿共43页Key Parts of PlanningAssess Cl

16、ientBusiness RiskEvaluate managementbusiness controlsaffecting business riskAssess clientbusiness riskAssess riskof materialmisstatements第24页，本讲稿共43页Key Parts of PlanningPerform PreliminaryAnalytical Procedures第25页，本讲稿共43页Summary of the Purposesof Auditing PlanningA major purpose is to gain an under

17、standing of the clients business and industry.第26页，本讲稿共43页Learning Objective 6State the purposes of analyticalprocedures and the timingof each purpose.第27页，本讲稿共43页Analytical ProceduresAnalytical procedures use comparisons andrelationships to assess whether accountbalances or other data appear reason

18、able.SAS 56 emphasizes the expectationsdeveloped by the auditor.第28页，本讲稿共43页Timing and Purpose ofAnalytical Procedures(Required)Planning PhasePurposeUnderstand clientsindustry and businessPrimary purposeAssess going concernSecondary purposeIndicate possible misstatements(attention directing)Primary

19、purposeReduce detailed testsSecondary purpose第29页，本讲稿共43页Timing and Purpose ofAnalytical ProceduresTestingPhasePurposeUnderstand clientsindustry and businessAssess going concernIndicate possible misstatements(attention directing)Secondary purposeReduce detailed testsPrimary purpose第30页，本讲稿共43页Timing

20、 and Purpose ofAnalytical Procedures(Required)Completion PhasePurposeUnderstand clientsindustry and businessAssess going concernSecondary purposeIndicate possible misstatements(attention directing)Primary purposeReduce detailed tests第31页，本讲稿共43页Learning Objective 7Select the most appropriateanalytic

21、al procedure fromamong the five major types.第32页，本讲稿共43页Five Major Types ofAnalytical Procedures1.Compare client and industry data.2.Compare client data with similar prior-period data.3.Compare client data with client-determined expected results.4.Compare client data with auditor-determined expected

22、 results.5.Compare client data with expected results,using nonfinancial data.第33页，本讲稿共43页Compare Clientand Industry Data第34页，本讲稿共43页Compare Client Data WithSimilar Prior-period Data2002 2001(000,000)%of (000,000)%of PreliminaryNet Sales Audited Net SalesNet sales143100131100Cost of goods sold103 72

23、95 72Gross profit 40 28 36 28S&A 32 22 30 23Other 4 3 3 3Net income 4 3 3 2第35页，本讲稿共43页Learning Objective 8Compute commonfinancial ratios.第36页，本讲稿共43页Common Financial RatiosShort-term debt-paying abilityLiquidity activity ratiosAbility to meet long-term debt obligationsProfitability ratios第37页，本讲稿共4

24、3页Short-termDebt-paying Ability第38页，本讲稿共43页Liquidity Activity RatiosAccounts receivable turnover:Net sales Average gross receivables Days to collect receivables:365 days Accounts receivable turnoverInventory turnover:Cost of goods sold Average inventory第39页，本讲稿共43页Liquidity Activity RatiosDays to se

25、ll inventory:365 days inventory turnover第40页，本讲稿共43页Ability to Meet Long-termDebt ObligationDebt to equity:Total liabilities Total equityTimes interest earned:Operating income Interest expense第41页，本讲稿共43页Summary of Analytical ProceduresThey involve the computation of ratiosand other comparisons of recordedamounts to auditor expectations.They are used in planning to understand the clients business and industry.They are used throughout the audit to identifypossible misstatements,reduce detailed tests,and to assess going-concern issues.第42页，本讲稿共43页End of Chapter 7第43页，本讲稿共43页