acca全新課程階段網(wǎng)課講義aa a1introduction

F8

AuditandAssurance

FrameworkofAAF8

Formatoftheexam

Formatoftheexam

questionswillbeselectedfromthe .

TheresponsestoeachquestionorsubpartinthecaseofOTcasesaremarkedautomaticallyaseithercorrectorincorrectbycomputer.

questionswillmainlyfocusonthefollowingsyllabusareasbutaminorityofmarkscanbedrawnfrom

anyotherareaofthesyllabus

nningandriskassessment(syllabusareaB)

Internalcontrol(syllabusareaC)

(syllabusareaD)

基礎(chǔ)學(xué)習(xí)模塊

SubstantiveProcedure

RiskAssessment

PPE

Salepurchase Inventory Wage Cash&Bank

Logic

Risk-based

InternalControl

Approach

ROMM

Audit

Concept

Report

Finalisation

Others

Ethic Corporate ernance

理解是第一生產(chǎn)力

F8審計課程的特點，不用自己做（新）題， 題海戰(zhàn)術(shù)，理

解是第一生產(chǎn)力。

學(xué)習(xí)至少需要進(jìn)行兩輪。第一輪跟隨。。。地毯式學(xué)習(xí)。第二輪對重點需要理解的部分內(nèi)容進(jìn)行針對性第二遍甚至第三遍學(xué)習(xí)理解理解理解!!!!!!!!

課程設(shè)計–學(xué)習(xí)資料

最后的話

在一個ACCA受到爭議的今天：

做一個得意不忘形、失意不忘形，永不抱怨的合格的ACCAer。

不妄自尊大、不妄自菲薄

Part1

ConceptofAudit

Definitionofaudit

CONCEPTOFAUDIT-sourceofaudit

Theauditorcanbeseenasanagentoftheshareholders(theprincipal).Underlaw,theyreporttoandareappointedbytheshareholders

Ex

Oneoftheprimarysourcesofinformationabouta isthefinancialstatements.Thedirectorsareresponsibleforpreparingthefinancialstatements.

whichofthefollowingisoneex nationoftheneedforanindependentauditofthesefinancialstatements?

AThedirectorsmaylackthenecessaryskillsorknowledgetoprepare

financialstatementsthataretureandfair.

B.Allcompaniesarerequiredbylawtohavetheirfinancialstatements

auditedbyanindependent,professionallyqualifiedaccountant.

C.Anindependentauditwillensurethatthecorrecttaxispaidtothe

tax .

D.Thedirectorsoftendirectlybenefitfromreportinghigherprofitsasdirector'sremunerationmayincludebonuseslinkedtothelevelofprofitsachievedthiscreatesa ofinterest.

Ex

Whonormallyappointstheexternalauditorsofa ?

ADirectors

B.Shareholders

C.Auditcommittee

D.Seniormanagement

CONCEPTOFAUDIT

provide toshareholdersthatthefinancialstatementsareprepared,inallmaterialrespects,inaccordancewithanapplicablefinancialreportingframework.

CONCEPTOFAUDIT

Theultimateaimoftheauditprocessisfortheauditorstobeinapositionto totheshareholdersastowhetherthefinancialstatementshavebeenprepared,inallmaterialrespects,inaccordancewiththeapplicablefinancialreportingframework.

Opinion

Inouropinion,thefinancialstatementspresentfairly,inallmaterial

respects,(orgiveatrueandfairviewof)thefinancialpositionofABC

asat31December20X1,and(of)itsfinancialperformanceanditscashflowsfortheyearthenendedinaccordancewithInternationalFinancialReportingStandards.

2014/12Q5

WhichofthefollowingisNOTaresponsibilityoftheauditor?

Toprovidean onthe

financialstatements

Toconductanauditinaccordancewith

ofthe

Toexpressanopiniononthe ’sgoingconcern

status

Materiality

Informationismaterialifitsomissionormisstatementcouldinfluencetheeconomicdecisionsofuserstakenonthebasisofthefinancialstatements

Boththeamount( ty)andnature(quality)ofmisstatementsneedtobeconsidered.e.g.lackofdisclosureregardingongoinglitigationislikelytobeconsideredmaterial.

Thecalculationofmateriality(eg):

between5and10%ofprofitbeforetax.

Noauditorcangive100%assurance(absoluteassurance).The

given,asinthecaseofstatutoryaudit,

isdescribedas

'Reasonableassurance'isnotabsoluteassurancebecausethereareinherentlimitationsofanauditwhichresultintheauditorforminganopiniononevidencethatis

Limitationsoftheaudit,eg:

Auditisnotobjective.Judgementhastobemade.

Notallitemsinthefinancialstatementaretested.

Assuranceengagement

Assuranceengagement

'Anassuranceengagementisanengagementinwhichapractitionerexpressesaconclusiondesignedtoenhancethedegreeofconfidenceofthe otherthanthe

abouttheeoftheevaluationormeasurementofasubject

matteragainstcriteria.'

Assuranceengagement

Otherexamplesofassuranceengagementsinclude:

ü Areviewoftheeffectivenessofanentity’sinternalcontrolorcomputer

systems

ü Areviewofanentity’shalfyearresults

Assuranceengagement

Allassuranceengagements,whethersubjectedtolegalregulationsuchasstatutoryauditoracontractualarrangementshouldbeperformedinasimilarmanner:

ü Agreethescopeofworktobeperformed

ü Formaliseallofthetermsoftheengagementinacontract

(engagementletter)

ü nthework

ü Obtainsufficientappropriateevidenceonwhichtobasetheconclusion

ü Performoverallreviewandformopinion

ü Issuereporttothe

Ex

?

Whichofthefollowingarepartiesinvolvedwithinan

Directors

Auditors

ResponsibleParty

Practitioner

Intendedusers

Ex

WhichTwoofthefollowingareelementsofanassuranceengagement.

shareholders

Anappropriatesubjectmatter

Aregisteredauditor

Suitablecriteria

three-partyrelationship

Levelsofassurance

Engagement

LevelofAssurance

Examples

Externalaudit

Reasonableassurance–Positiveexpression

Inouropinion,thefinancialstatementspresentfairly,inallmaterialrespects,inaccordancewithInternationalFinancialReportingStandards.

Review

Limited

assurance–

Negative

expression

Basedonourworkdescribedinthisreport,nothinghascometoourattentionthatcausesustobelievethatthefinancialstatementsdonotpresentfairly,inallmaterialrespects,inaccordancewithInternationalFinancialReportingStandards.

Ex

Whichofthefollowingappropria yex insthedifferencebetweenalimited

assuranceengagementandreasonableassuranceengagement?

Limitedassuranceisgivenwhenamaterialmisstatementhasbeenidentifiedinthesubjectmatterbutsomeassurancecanstillbegiven,whereasreasonableassuranceisgivenwhennomaterialmisstatementshavebeenidentified.

Inalimitedassuranceengagement,thepractitionerwillgatherlimitedevidence.Inareasonableassuranceengagementthepractitionerwillgathersufficientappropriateevidence.

Inareasonableassuranceengagement,thepractitionerisfullyliableifthefinancialstatementarela