英文版：审计学 变化环境中的概念 第一章.ppt

AuditingConcepts for a Changing Environmentfifth edition Chapter 1 Importance of Auditing Free Market Economy A free market economy exists only if accurate, reliable data is available Auditors contribute to an effective capital market by providing independent evaluations about the reliability of an organizations financial statements or the efficiency and effectiveness of various aspects of its performance What is auditing? Auditing is both more and less than public accounting More because it includes internal and operational auditing, governmental auditing, and other services that evaluate and report on managerial performance Less because public accounting firms provide a variety of other assurance and non-audit services Define Auditing “A systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users. What is attestation? Attestation involves gathering evidence about assertions, evaluating the evidence against objective criteria, and communicating the conclusion reached. Auditing is specific attestation service where the auditor gathers evidence to determine whether the financial statements are fairly presented in accordance with Generally Accepted Accounting Principles and issues an opinion to be used by third-party users, management, and the Board of Directors Auditing is all about evidence The auditor gathers evidence to determine if the clients processes are working correctly, its financial data are recorded and presented correctly, and its financial statements as a whole are fairly presented. This implies that-- the process of auditing is to gather and evaluate evidence to test assertions the audit process is systematic the auditor must be independent of the entity audited and the process followed in gathering evidence must be unbiased Discuss Managemen