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· 분류 : 외국도서 > 수험서 > CPA
· ISBN : 9781119369370
· 쪽수 : 672쪽
· 출판일 : 2017-01-17
목차
About the Authors ix
About the Auditing and Attestation Professors x
Welcome to Auditing and Attestation xi
Ethics, Professional Responsibilities, and General Principles 1
AICPA Code of Professional Conduct
Introduction and Preface 2
Members in Public Practice 5
MIPPs Introduction and Conceptual Framework 5
MIPPs Nonindependence Rules 7
Conflicts of Interest, Directorships, and Gifts 7
Reporting Income and Subordination of Judgment 9
Advocacy, Third-Party Service Providers (TSPs), General Standards, and Accounting Principles 10
Discreditable Acts 12
Fees 14
Advertising and Confidentiality 16
Form of Organization and Names 18
MIPPs Independence Rules 20
Introduction to MIPPs Independence Rules 20
Network Firms and Affiliates 22
Reissues, Engagement Letters, ADR, and Unpaid Fees 24
Financial Interests 25
Overview and Unsolicited Financial Interests 25
Mutual Funds and Retirement Plans 27
Partnerships, 529s, Trust and Estates, Employee Benefit Plans 29
Depository Accounts, Brokerage Accounts, and Insurance Policies 31
Loans, Leases, and Business Relationships 32
Family Relationships 34
Employment Relationships 36
Current Employment 36
Subsequent Employment 38
Other Associations and Relationships 40
Nonaudit Services 42
Code Provisions 42
Specific Services 45
Members in Business 51
Other Members 54
Requirements of SEC and PCAOB 55
Securities and Exchange Commission (SEC) 55
Public Company Accounting Oversight Board (PCAOB) 61
Requirements of GAO and DOL 64
Government Accountability Office (GAO) 64
Department of Labor (DOL) 72
Assessing Risk and Developing a Planned Response 75
Financial Statement Audits 76
Accounting vs. Auditing 76
GAAS and Principles 78
Professional Standards 80
Quality Control Standards (SQCS) 82
Overview of Audit Process 84
Overview of Auditor’s Report 85
Different Types of Engagements 89
PCAOB Responsibilities 90
PCAOB on Engagement Quality Review 92
Planning Activities 94
Pre-Engagement Planning Issues 94
Planning and Supervision 99
Materiality 101
Audit Risk 103
Analytical Procedures 106
Detecting Fraud 108
Fraud: Evaluation and Communication 113
Detecting Illegal Acts 115
Using the Work of a “Specialist” 117
Required Communications with Those Charged with Governance 120
PCAOB on Communications with Audit Committees 123
Internal Control—Concepts and Standards 126
Internal Control Concepts 1 126
Internal Control Concepts 2 128
Internal Control Standards 1 131
Internal Control Standards 2 135
Internal Control—Required Communications 138
Using the Work of an Internal Audit Function 141
Performing Further Procedures and Obtaining Evidence 145
Internal Control: Transaction Cycles 146
Specific Transaction Cycles 146
Revenue/Receipts—Sales 148
Revenue/Receipts—Cash 150
Expenditures/Disbursements 152
Payroll Cycle 155
Miscellaneous Cycles 157
Audit Evidence: Concepts and Standards 159
Overview of Substantive Procedures 159
Nature of Evidence 1 163
Nature of Evidence 2 167
PCAOB Risk Assessment Audit Standards 170
Evaluation of Misstatements Identified During the Audit 174
Audit Documentation 176
PCAOB on Audit Documentation 180
Confirmation 182
Accounting Estimates 184
Fair Value Estimates 186
Lawyer’s Letters 188
Management Representations Letters 191
Related-Party Issues 194
PCAOB on Related Parties 197
Subsequent Events and Related Issues 200
Going-Concern Issues 203
Audit Evidence: Specific Audit Areas 206
Introduction to Auditing Individual Areas 206
Cash 208
Accounts Receivable 211
Inventory 213
Investments in Securities and Derivative Instruments 216
Fixed Assets 219
Current Liabilities 220
Long-Term Liabilities 222
Stockholders’ Equity 223
Payroll 224
Audit Sampling 226
Introduction to Sampling 226
Attributes Sampling 228
Variables Sampling 230
Probability-Proportional-to-Size (PPS) Sampling 234
Example Problems 236
Difference Estimation Problem 236
Difference Estimation Solution 237
Ratio Estimation Problem 238
Ratio Estimation Solution 239
MPU Estimation Problem 240
MPU Estimation Solution 241
PPS Sampling Problem 242
PPS Sampling Solution 243
IT (Computer) Auditing 244
IT Controls—General Controls 244
IT Controls—Application Controls 246
IT Evidence—Gathering Procedures 248
Other IT Considerations 250
Forming Conclusions and Reporting 253
Audit Reports 254
Introduction to Audit Reports 254
PCAOB on Audit Reports 261
Audits of Group Financial Statements 263
Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs 267
Qualified for Scope Limitation 270
Qualified for Misstatement 273
Adverse Opinion 275
Disclaimer of Opinion 277
Consistency of Financial Statements 280
PCAOB on Evaluating Consistency of Financial Statements 282
Opening Balances—Initial Audits 284
Other Information Along with Financial Statements 288
Supplementary Information Related to Financial Statements 290
Required Supplementary Information 292
PCAOB on Auditing Supplemental Information 294
Alert to Restrict Report 297
Financial Statements Using Another Country’s Framework 299
Reporting on Summary Financial Statements 301
Interim Financial Information 304
Sample Reports 309
Unmodified Opinion (Reference to Legal Requirements) 309
Unmodified Opinion (No Reference to Legal Requirements) 311
Unmodified Opinion (Sentence by Sentence) 313
Unmodified in Current Year, Balance Sheet in Prior Year 315
Unmodified in Prior Year, Qualified in Current Year 317
Qualified for Scope 319
Qualified for Material Misstatement 321
Qualified for Inadequate Disclosure 323
Adverse Opinion 324
Disclaimer of Opinion for Scope 326
Unmodified on B/S, Disclaimer on I/S and Cash Flows 327
Emphasis-of-Matter Paragraph 329
Other-Matter Paragraph 331
Reference to Component Auditor 333
Single Financial Statement 334
Specific Element (Special Purpose Framework) 335
Incomplete Presentation 336
Application of Accounting Principles (Second Opinion) 337
Report on Summary Financial Statements 338
Review Report on Interim Financial Statements 339
Other Reports 340
Reports on Application of Requirements of Framework 340
F/S with Special Purpose Frameworks 343
Audits of Single F/S and Specific Elements, Accounts, or Items 346
Reporting on Compliance with Requirements in an F/S Audit 349
Service Organizations—User Auditors 353
Service Organizations—Service Auditors 355
Comfort Letters 358
Government Auditing Standards 363
Compliance Audits 367
SSARSs—General Principles 370
SSARSs—Preparation of Financial Statements 373
SSARSs—Compilation Engagements 375
SSARSs—Review Engagements 379
SSARSs—Other Topics 383
Sample Reports 386
F/S Prepared on Cash Basis 386
F/S Prepared on Regulatory Basis (for General Use) 387
Profit Participation 389
Sample Review Report on Financial Statements 390
Sample Compilation Report on Financial Statements 391
Separate Report on Compliance (No Instances of Noncompliance) 392
Separate Report on Compliance (with Noncompliance Identified) 393
Combined Report on Audited Financial Statements and Compliance Issues 394
Other Professional Services 396
PCAOB on Reporting on Internal Control in an Integrated Audit 396
PCAOB on Reporting Whether a Previously Reported Material Weakness Continues to Exist 402
Attestation Standards 405
Financial Forecasts and Projections 410
Pro Forma Financial Information 414
Compliance Attestation 417
Reporting on Internal Control in an Integrated Audit 420
Management’s Discussion and Analysis (MD&A) 437
Assurance Services 441
Sample Reports 443
Examination of Forecast 443
AUP of Forecast 444
Compilation of Forecast 445
Examination of Pro Forma 446
Review of Pro Forma 447
Examination for Compliance 448
AUP for Compliance 449
Example Management Report (with No Material Weaknesses Reported) 450
Unmodified Opinions on Financial Statements and ICFR (Combined Report) 451
Unmodified Opinion on ICFR (Separate Report on ICFR) 453
Adverse Opinion on ICFR (Separate Report on ICFR) 455
Examination of MD&A 457
Review of MD&A 458
Multiple Choice Questions 459
Task-Based Simulations 573
Index 647
