Академический Документы
Профессиональный Документы
Культура Документы
and Objectives
Chapter 6
Applicable
Financial
Opine reporting
statements
framework
Communicate
Financial
Report per audit
statements
standards
2012 Pearson Education, Auditing 14/e, Arens/Elder/Beasley 6 - 10
Auditors Responsibilities
Material Reasonable
misstatements Assurance
Professional
Errors vs. Fraud
Skepticism
Fraudulent
reporting
vs.
theft of assets
2012 Pearson Education, Auditing 14/e, Arens/Elder/Beasley 6 - 11
Auditors Responsibilities for
Discovering Illegal Acts
Type Responsibility
Same for
Direct-Effect errors and
fraud
Indirect-Effect No Assurance
Auditor knows
Consider effects on financial
statements
Consider effect on relationship
with management
Communicate with audit
committee or equivalent
2012 Pearson Education, Auditing 14/e, Arens/Elder/Beasley 6 - 13
Learning Objective 4
Capital acquisition
and repayment cycle
Inventory and
warehousing
cycle
2012 Pearson Education, Auditing 14/e, Arens/Elder/Beasley 6 - 17
Learning Objective 5
Completeness
Valuation or
allocation
Rights and obligations
Presentation and
disclosure
Existing transactions
Completeness
are recorded
Recorded transactions
Accuracy are stated at the
correct amounts
2012 Pearson Education, Auditing 14/e, Arens/Elder/Beasley 6 - 25
General Transaction-related
Audit Objectives
Transactions are included
Posting and
in the master files and
summarization
are correctly summarized.
Rights and
Assets must be owned
obligations