审计学一种整合方法 课件Chapter09.ppt

* * * Relationship of Factors Influencing Risks to Risks and Risks to Planned Evidence D = Direct relationship; I = Inverse relationship Factors influencing risks Acceptable audit risk Planned detection risk Planned audit evidence Inherent risk Control risk I D I I D I D Relationship of Factors Influencing Risks to Risks and Risks to Planned Evidence The engagement may require more experienced staff The engagement will be reviewed more carefully than usual Auditors can change the audit to respond to risks Audit Risk for Segments Both control risk and inherent risk are typically set for each cycle, each account, and often even each audit objective, not for the overall audit. Tolerable Misstatement, Risks,and Balance-related Audit Objectives It is common to assess inherent and control risk for each balance-related audit objective It is not common to allocate materiality to objectives Measurement Limitations One major limitation in the application of the audit risk model is the difficulty of measuring the components of the model. Relationships of Risk to Evidence Acceptable audit risk Inherent risk Control risk Planned detection risk Amount of evidence required Situation High Low Low Medium High Low Low High Medium Low Low Low High Medium Medium High Medium Low Medium Medium Low Medium High Medium Medium 1 2 3 4 5 Tests of Details of Balances Evidence Planning Worksheet Auditors develop various types of worksheets to aid in relating the considerations affecting audit evidence to the appropriate evidence to accumulate. Learning Objective 10 Discuss how materiality and risk are related and integrated into the audit process. Relationship of Tolerable Misstatement and Risks toPlanned Evidence D = Direct relationship; I = Inverse relationship Acceptable audit risk Inherent risk Control risk Tolerable misstatement Planned detection risk Planned audit evidence I D I I I I D D Audit Risk Model for Planning AcAR = IR × CR × AcDR AcAR = Achieved a