审计学一种整合方法 课件 CHapter08.ppt

Audit Planning andAnalytical Procedures Chapter 8 Learning Objective 1 Discuss why adequate audit planning is essential. Three Main Reasons for Planning Risk Terms Planning an Audit and Designing an Audit Approach Planning an Audit and Designing an Audit Approach Learning Objective 2 Make client acceptance decisions and perform initial audit planning. Initial Audit Planning Learning Objective 3 Gain an understanding of the client’s business and industry. Understanding of the Client’s Business and Industry Understanding of the Client’s Business and Industry Industry and External Environment Business Operationsand Processes Tour the Plant and Offices Identify Related Parties Management and Governance Code of Ethics Client Objectives and Strategies Measurement and Performance Learning Objective 4 Assess client business risk. Assess Client Business Risk Client’s Business, Risk, andRisk of Material Misstatement Sarbanes-Oxley (new title) Enterprise Risk Management Learning Objective 5 Perform preliminary analytical procedures. Preliminary Analytical Procedures Examples of Planning Analytical Procedures Summary of the Partsof Auditing Planning Key Parts of Planning Key Parts of Planning Key Parts of Planning Key Parts of Planning Learning Objective 6 State the purposes of analytical procedures and the timing of each purpose. Analytical Procedures Timing and Purposes of Analytical Procedures Learning Objective 7 Select the most appropriate analytical procedure from among the five major types. Five Types of Analytical Procedures Compare Client and Industry Data Compare Client Data with Similar Prior Period Data Learning Objective 8 Compute common financial ratios. Common Financial Ratios Short-term Debt-paying Ability Liquidity Activity Ratios Ability to Meet Long-term Debt Obligation Profitability Ratios Profitability Ratios Summary of Analytical Procedures End of Chapter 8 Assess client business risk Evaluate management controls affecting business risk Assess