이번 포스팅에서는 각종 공기업 경영직렬과 공인회계사 시험 경영학에 단골 출제되는 재무 관리 과목의 CAPM에 대해 매우 자세히 다루어보겠습니다. 아래는 제가 공부하면서 노트정리를 한 내용입니다. 많이 도움이 되셨으면 좋겠다는 마음에서 자필 요약본을 공유합니다. 공부하는데 도움이 되셨다면 공감 버튼 한번씩 꼭 부탁드립니다.
What is MUS? Monetary-unit sampling(MUS)= also known as Probability-proportional-to-size sampling -MUS is one technique whereby the auditor can measure and control the risks associated with observing less than 100% of the population. -The auditor can quantify and measure the risk of accepting a client’s recorded amount as fair when it is materially misstated. -The auditor controls the risk of in..
When does the sample support the assessment of the risk of material misstatement? The sample results support the assessment of the risk of material misstatement only if the achieved upper deviation limit is equal to or less than the tolerable deviation rate. The achieved upper deviation limit
Under PCAOB auditing standards for audits of issuers, an emphasis paragraph is (1) never required, (2) not a substitute for required critical matters, and (3) is not referred to in the opinion paragraph.
What is TEST OF CONTROL? ■ Test of Control =Testing Controls = To test the effectiveness(not efficiency) of controls :Which means = observation, inquiry, inspection, recalcualtion, reperformanc of a control. ■ Test of Controls are furter audit procedures. Tests of controls are designed to evaluate the operating effectiveness of controls. -Thus, they are further audit procedures. -Further audit p..
Dual-dated reports relate to events that occur between the original date of the auditor’s report and the additional date of a revision of the statements for subsequently discovered facts.
■ A meeting of the three parties should be requested. 그리고 이 Meeting은 the Client가 주선한다. - Request the Client to arrange a meeting among the three parties to resolve the matter. ■ Because the prior year’s financial statements appear to require restatement, the auditor should discuss the matter with the predecessor auditor. ■ (S)he should communicate any information that the predecessor auditor may..
[AU-C 700] Present Comparatively with the Prior Period's Reissued or o-m should be included in the report ■ 정의: Either the report on the unaudited statements should be reissued, or an other-matter paragraph should be included in the auditor’s report. Reissued [AU-C 700] 비교연도(과거)의 것이 잘못됬으면 현상태에 맞게 업데이트 해야함. A continuing auditor should update the report on the individual statements of one or more ..
따로 언급(Refer to) 안하면 문제 없다는 뜻임 If it has been materially affected ■ The auditor may refer to an auditor’s external specialist only when the opinion is modified. (AU-C 620) -The reference is made because it is relevant to understanding the modification. -An auditor’s report with such a reference should state that it does not reduce the auditor’s responsibility. ■ If the auditor is able to obtain s..
Group Auditing Engagements? 예시: Pell, CPA, is the group engagement partner in the audit of the financial statements of Tech Consolidated, Inc. Smith, CPA, audits one of Tech’s subsidiaries. AU 600 When the group engagement partner assumes responsibility for the work of a component auditor, the auditor’s report on the group statements does not refer to the component auditor. However, the group en..
■The types of opinion Exceptions Types of Audit Opinion Immaterial Material Material and Pervasive Scope Limitation Unmodified Qualified Disclaimer Departure from GAAP Unmodified Qualified Adverse ■ A Substantial Doubt -Unmodified Opinion is O.K. By itself, this doubt does not require a modification of the opinion. 즉, By itself, a substantial doubt about an entity’s ability to continue as a goin..
Basis ■ 위치: A basis for modification paragraph should precede the opinion paragraph. ※ No Basis ■ If the auditor has contained Unmodified opinion in the report, ○ No basis is given for including an emphasis-of-matter paragraph. . E-o-m ■ 위치: An emphasis-of-matter paragraph is placed immediately after the opinion paragraph. ■ 정의: An emphasis-of-matter paragraph in the auditor’s report draws users..