When Group Auditor do A reference to a componant auditor. The reference is not a qualification of the opinion and does not require an additional paragraph. A reference to a component auditor indicates that the group auditor does not assume responsibility for the audit of the component auditor. It also indicates the source of the audit evidence with respect to the component.
Which would Yield Highest level of evidence = Susceptible to Prediction by the auditor The relationships of payroll expense transactions tend to be more predictable than those for such balance sheet accounts as accounts payable and accounts receivable. Relationships involving income statement accounts tend to be more predictable than relationships involving only balance sheet accounts because in..
예시 The vouchers have a recorded amount of $300,000, and 1,000 items are to be sampled, so every 300th dollar will be chosen. Given a random start of $50, the vouchers containing the 50th, 350th, 650th, and 950th dollars will be selected. The cumulative amount of the first eight vouchers is $1,030. Accordingly, voucher 8 should be the fourth voucher audited because it contains the 950th dollar.
Misappropriation of assets의 위험이 있는 경우 Rapid growth or probability. High degree of liquidity: easily convertible into cash. Fraudulent financial reporting의 위험이 있는 경우
언제 수행해? Substantive Test만으로는 불충분할때 수행한다. - When it's not possible to obtain sufficient appropriate audit evidence. 어울리는 Sampling? Attribute Sampling 오류 in aspect of sampling risk of Test of Control Underreliance Overreliance
RMM = Control risk + Internal risk Control risk and inherent risk are the components of the risk of material misstatement (RMM). Detection risk The only risk the auditor directly controls is detection risk. The auditor can achieve the desired audit risk based on the assessed RMMs and the acceptable level of detection risk. Detection risk has an inverse relationship with the RMMs.
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Cost of Benefit 문제 Control 결함을 경영진(Management)이 고치느냐 마느냐는 Cost of Benefit 문제임. Fraud Risk Factor Fraud risk factors relate to misstatements arising from (1) fraudulent financial reporting and (2) misappropriation of assets. Each of these categories may be further classified according to the three conditions that ordinarily exist when fraud occurs: (1) incentives/pressures, (2) opportunities, and..
Non-Financial Data is Also Used. Although analytical procedures used in planning the audit often use only financial data, sometimes relevant nonfinancial information is considered as well. For example, number of employees, square footage of selling space, volume of goods produced, and similar information may contribute to accomplishing the purpose of the procedures. Analytical Procedures of Risk..
매출채권전환율이란? ■ The accounts receivable turnover is the ratio of sales to average receivables. The accounts receivable turnover ratio equals net credit sales divided by average accounts receivable. 즉, 매출채권 전환율 = Sales/ Average Receivables ■ The accounts receivable turnover ratio를 다른 말로 하면, = Net Credit Sales/ Average Accounts Receivables The accounts receivable turnover ratio equals net credit sale..
BEC 원가관리 부분의 GLEIM CPA REVIEW의 STUDY UNIT은 다음과 같이 이루어져 있습니다. SU 17: BUDGET COMPONENTS SU18: COSTING FUNDAMENTALS SU19: COSTING METHODS SU20: COSTING SYSTEMS AND VARIANCE ANALYSIS
GLEIM CPA REVIEW의 BEC IT 부분은 다음과 같이 이루어져 있습니다. SU12: IT ROLES, SYSTEMS, AND PROCESSING SU13: IT SOFTWARE, DATA, AND CONTINGENCY PLANNING SU14: IT NETWORKS AND ELECTRONIC COMMERCE SU15: IT SECURITY AND CONTROLS