审计英语课件第6章.ppt

Chapter 7 Audit Planning and Materiality 7.1 Audit Planning 7.2 Analytical Procedures 7.3 Materiality Learning Objectives 1. Comprehend the overall audit strategy and detailed audit plan. 2. State the nature and purposes of analytical procedures and the timing of each purpose. 3. Understand the definition of materiality. 4. Apply the concept of materiality to the audit. 5. Comprehend the relationship between materiality and audit risk. 6. Understand how the auditor to evaluate the effect of misstatement. 7.1 Audit Planning Glossary overall audit strategy 总体审计策略 audit plan 具体审计计划 Planning an audit involves establishing the overall audit strategy for the engagement and developing an audit plan, in order to reduce audit risk to an acceptably low level. Overall Audit Strategy The overall audit strategy sets the scope, timing and direction of the audit, and guides the development of the more detailed audit plan. Once the overall audit strategy has been established, the auditor should start the development of a more detailed audit plan to address the various matters identified in the overall audit strategy, taking into account the need to achieve the audit objectives through the efficient use of the auditors resources. Audit Plan The audit plan is more detailed than the overall audit strategy and includes the nature, timing and extent of audit procedures to be performed by engagement team members in order to obtain sufficient appropriate audit evidence to reduce audit risk to an acceptably low level. The audit plan should include: The nature, timing and extent of planned risk assessment procedures sufficient to identify and assess the risks of material misstatement of the financial statement; The nature, timing and extent of planned further audit procedures in response to assessed risks of material misstatement at the assertion level; and Other planned audit procedures that are required to be carried out so that the engagement complies with auditing standa