执笔人：池 兆 念 审定人：
64 Class Hours
Audit & internal Review
出 版 社
参 考 书
1、Audit and internal Review Practice & revision
ACCA 2.5 Financial Reporting, ACCA 1.1 Preparing Financial Statements,
ACCA 2.1 Information System.
This course is an introduction of audit and internal review.
To develop knowledge and understanding of the audit process and its application in the context of the external regulatory framework and for business control and development.
On complement of this paper, candidates should be able to:
1. Understand the nature, purpose and scope of auditing and internal review, including the role of external audit and its regulatory framework, and the role of internal audit in providing assurance on risk management and on the control framework of an organization.
2. Identity risks, describe the procedures undertaken in the planning process, plan work to meet the objectives of the audit or review assignment and draft the content of plans.
3. Describe and evaluate accounting and internal control systems and identify and communicate control risks, potential consequence and recommendations.
4. Explain and evaluate sources of evidence, describe the nature, timing and extent of tests on transactions and account balances (including sampling and analytical procedure) and design programs for audit and review assignments.
5. Evaluate findings, investigate inconsistencies, modify the work program as necessary, review subsequent events, and justify and prepare appropriate reports for users within and external to the organization, including recommendations to enhance business performance.
6. Discuss and apply the requirements of relevant International Standards on Auditing.
7. Demonstrate the skill expected in Part 12.
第一章 （ 1 学时）
Chapter One: The nature and purpose of assurance
1. The purpose of assurance.
2. The nature of assurance services.
3. Assurance and reports.
4. The chronology of an audit.
1. Nature and development of audit and review.
2. Concepts of accountability, Stewardship and agency.
3. Concepts of materiality, true and fair presentation and reasonable assurance.
4. Reporting as a means of communication to differ rent stakeholders.
5. Need for auditors to communicate with those charged with governance.
6. High level of assurance provided by audit assignment; the moderate level of assurance provided by review assignments; assignments in which no assurance is provided.
第二章 （ 2 学时）
Chapter Two: Corporate governance
1. Introduction to corporate governance.
2. Codes of best practice.
3. Audit committees.
4. Internal control effectiveness.
1. The objective, relevance and importance of corporate governance.
2. The provisions of internal codes of corporate governance.
3. The structure and roles of audit committees and their benefits and drawbacks.
4. The importance of internal control and risk management.
5. The factors to be taken into account when assessing the need for an internal audit function.
第三章 （ 2 学时）
Chapter Three: Statutory audit and regulation
1. The statutory audit requirement.
2. Audit regulation.
3. Auditor rights and duties.
4. Auditing standards.
1. Regulatory framework in which statutory audits take place.
2. Development and status of International Standards on Auditing and their relationship with national standards.
3. Reasons for, and mechanisms for, the regulation of auditors by governments and other regulatory agencies.
4. Types of opinion provided in statutory audit assignment.
第四章 （ 3 学时）
Chapter Four: Internal audit and regulation
1. Internal auditing.
2. Risk management and organizational control.
3. Internal audit assignments.
4. Operational internal audit assignments.
6. Outsourcing the internal audit function.
1. Difference between the role of external audit and internal audit.
2. Scope of internal audit work and the limitations of the internal audit function.
3. Nature and purpose of internal review assignments.
4. Nature and purpose of operational internal review assignments.
第五章 （ 4 学时）
Chapter Five: Professional codes of ethics and behavior
1. Due care, skill and competence.
2. Rules of professional conduct.
3. Internal audit ethics.
4. Areas of controversy
5. Accepting appointment.
6. Engagement letters.
1. The fundamental concepts of professional ethics.
2. Distinguish between the elements of professional ethics applicable to internal auditors and those applicable to external audits..
3. The detailed requirements and the application of professional ethicsin the context of confidentially and conflicts of interest.
4. The importance of engagement letters and their contents.
第六章 （ 5 学时）
Chapter Six: Evidence, sampling and documentation
1. Audit evidence
2. Audit sampling.
3. Audit documents.
1. The work plan, the work program and documentation.
2. Other audit and review evidence.
第七章 （ 6 学时）
Chapter Seven: Planning and risk
2. Introduction to risk
4. Understanding the entity and its environment
5. Assessing the risks of material misstatement.
6. Responding to the risk assessment.
7. Fraud, laws and regulations.
8. Reviews and internal audit.
1. Distinguish between risk-based, procedural and other approaches to audit and review work.
2. The components of risk and the use of information technology in risk analysis.
第八章 （ 2 学时）
Chapter Eight: Using the work of others
1. Using the work of internal audit.
2. Using the work of an expert.
3. Service organizations.
5. Staff issues.
1. Conditions that must be met before reliance can be placed on the work of others and the planning considerations in coordinating the work of others.
2. Division of responsibilities between auditors and others.
3. Extent to which reference to the work of others can be made in audit and review reports.
第九章 （ 5 学时）
Chapter Nine: Internal control and audit risk evolution
1. Gaining an understanding of control systems.
2. Limitations of accounting and control systems
3. Assessing the risking of material misstatement.
4. Acting on control risk assessment
5. Internal controls in a CIS environment.
6. Recording of accounting and control systems.
1. The importance of internal control to auditors
2. The limitations of internal control systems in the context of fraud and error.
3. The need to modify the audit plan in the light of the results of tests of control.
4. Distinguish between tests of controls and substantive tests.
第十章 （ 6 学时）
Chapter Ten: Tests of controls: sales, purchases and wages
1. The sales system.
2. The purchases and expenses system
3. The wages system.
4. Smaller entities.
1. Explain and illustrate how structure and operational weaknesses in revenue, purchases and inventory systems should be reported to management and how recommendations should be made.
2. Explain and illustrate how structure and operational weaknesses in payroll systems should be reported to management and how recommendations should be made.
第十一章 （ 2 学时）
Chapter Eleven: Tests of controls: other’ areas
1. The cash system.
2. The inventory system.
3. Revenue and capital expenditure.
4. Internal audit: relevant cycles
1. Describe and analyze how internal control systems over revenue and capital expenditure transaction cycles operate in both large and small entities.
2. Describe and illustrate the use by auditors of internal control checklists for revenue and capital expenditure transaction cycles.
3. Describe and tabulate tests of control of revenue and capital expenditure for inclusion in a work program.
4. Explain and illustration how structural and operational weaknesses in revenue and capital expenditure systems should be reported to management and how recommendations should be made.
第十二章 （ 3 学时）
Chapter Twelve: The substantive audit
1. Substantive testing
2. Directional testing
3. Analytical procedures
4. Accounting estimates
5. Opening balance
1. Describe and illustrate how analytical procedures are used as substantive procedures.
2. Explain the problems associated with the audit and review of accounting estimates.
第十三章 （ 2 学时）
Chapter Thirteen: Non-current assets
1. Tangible non-current assets
2. Other non-current assets
1. Describe and tabulate for inclusion in a work program the substantive procedures used in obtaining evidence in relation to non-current assets and non-current liabilities and the related income.
2. Explain the purpose of substantive procedures in relation to financial statement assertions concerning non-current assets and non-current liabilities.
第十四章 （ 4 学时）
Chapter Fourteen: Inventory
1. Regulatory aspects of inventory
2. The physical inventory count
4. Inventory valuation
1. Explain the importance of inventory
2. Describe inventory counting procedures
3. Explain cut-off
4. Describe and tabulate for inclusion in a work program the substantive procedures used in obtaining evidence in relation to inventory, including the auditor’s attendance at inventory counting
5. Explain the purpose of substantive procedures, including direct confirmation of inventory of inventory held by third parties, in relation to financial statement assertions concerning inventory
第十五章 （ 3 学时）
Chapter Fifteen: Receivables and prepayments
1. Accounts receivable
2. Bad debts
1. Describe and tabulate for inclusion in a work program the substantive procedures, including the direct confirmation of accounts receivable, used in obtaining evidence in relation to receivables and prepayments, and the related income statement entries.
2. Explain the purpose of substantive procedures in relation to financial statement assertions concerning receivables and prepayments.
第十六章 （ 2 学时）
Chapter Sixteen: Bank and cash
1. Describe and tabulate for inclusion in a work program the substantive procedures, including bank confirmation reports used in obtaining evidence in relation to bank and cash, and the related income statement entries.
2. Explain the purpose of substantive procedures in relation to financial statement assertions concerning bank and cash.
第十七章 （ 3 学时）
Chapter Seventeen: Liabilities and capital
1. Trade accounts payable and purchases
3. Long-term liabilities
4. Provision and contingencies
5. Capital and other issues
1. Describe and tabulate for inclusion in a work program the substantive procedures used in obtaining evidence in relation to current liabilities and accruals, and the related income statement entries.
2. Explain the purpose of substantive procedures, including supplies statement reconciliations and direct confirmation of accounts payable, in relation to financial statement assertions concerning current liabilities and accruals.
第十八章 （ 2 学时）
Chapter Eighteen: Audit reviews and finalization
1. Going concern
2. Subsequent events
3. Management representations
4. Overall review of financial statements
5. Other information in documents containing audited financial statements
6. Completion of the audit
1. Describe and explain the quality of management representations as audit evidence
2. Describe and explain the circumstances in which obtaining management representations is necessary and the matters on which representations are commonly obtained.
3. Describe and explain the purpose of the subsequent events review.
4. Describe and explain the procedures to be undertaken in performing a subsequent events review.
5. Describe and explain the importance of the overall review of evidence obtained.
6. Describe and explain the problems associated with the application of accounting treatments.
7. Describe and explain the significance of unadjusted differences.
第十九章 （ 2 学时）
Chapter Nineteen: Public reporting
1. The auditors’ report on financial statements
2. Modified reports
3. The audit report as a means of communication
1. Describe and analyze the format and content of unmodified and modified statutory audit report.
第二十章 （ 3 学时）
Chapter Twenty: Private reporting
1. External review reports
2. Internal audit reports
3. Reporting control weakness
4. Communication of audit matters with those charge with governance
1. Identity and reported systems weakness and their potential effects and make appreciate recommendations to management
2. Describe and analyze the format and contents of internal review reports and other reports dealing with recommendations for the enhancement of business performance.
第二十一章 （ 2 学时）
Chapter Twenty-one: Not for profit organizations
5. Public sector
1. Apply audit review techniques to small not for profit organizations.
2. Explain how the audit review of small not for profit organizations differs from the audit and review of for-profit organizations.