[专业英语]2007年CPA审计英语辅导讲义 [复制链接]

Auditing　　1. Assurance engagements and external audit V 7ZGT  
　　◇Materiality, true and fair presentation, reasonable assurance GWWaH+F[h  
　　Materiality is the magnitude of an omission or misstatement of accounting information that, in the light of surrounding circumstances, makes it probable that the judgment of a reasonable person relying on the information would have been changed or influenced by the omission or misstatement. An auditor must consider materiality both in (1) planning the audit and designing audit procedures and (2) evaluating audit results. 0O]v|  
　　◇Appointment, removal and resignation of auditors _
bgv +/  
　　◇Types of opinion: standard unqualified opinion, Unqualified with additional explanatory language, qualified opinion, adverse opinion, disclaimer of opinion ~0?B  
　　◇Professional ethics: independence, objectivity, integrity, professional competence, due care, confidentiality, professional behavior ub`zS-vb  
　　◇Engagement letter zE/\2F$  
　　2. Planning and risk assessment F>X<=YO0  
　　◇General principles w $`w
 
　　○Plan and perform audits with an attitude of professional skepticism %p&y/^=0I  
　　○Audit risks = inherent risk × control risk × detection risk )DlK
eiK  
　　(1) Inherent risk refers to the likelihood of material misstatement of an assertion, assuming no related internal control. This risk differs by account and assertion. H5 :f&m  
　　(2) Control risk is the likelihood that a material misstatement will not be prevented or detected on a timely basis by internal control. This risk is assessed using the results of tests of control. x5/&,&m`%  
　　(3) Detection risk is the likelihood that an auditor’s procedures lead to an improper conclusion that no material misstatement exists in an assertion when in fact such a misstatement does exist. The auditor’s substantive tests are primarily relied upon to restrict detection risk. ?gjx7TQ?  
　　○Risk-based approach H?xYS| n  
　　◇Understanding the entity and knowledge of the business vEGI  
　　The CPA should obtain a level of knowledge of the client’s business that will enable effective planning and performance of the audit in accordance with generally accepted auditing standards. This knowledge helps the auditor in @tD (<*f+  
　　(1) Identifying areas that may need special consideration k{UeY[,jb  
　　(2) Assessing conditions under which accounting data are produced, processed, reviewed and accumulated %so{'rQl  
　　(3) Evaluating accounting estimates for reasonableness (e.g., valuation of inventories, depreciation, allowance for doubtful accounts, percentage of completion of long-term contracts) L2~'Z'q  
　　(4) Evaluating the reasonableness of management representations Un T\6u  
　　(5) Making judgments about the appropriateness of the accounting principles applied and the adequacy of disclosures Xw7'I  
　　◇Assessing the risks of material misstatement and fraud ]bpgsW:Xu  
　　○Materiality (level), tolerable error B_b
5&M@  
　　◇Analytical procedures &CN(PZv  
　　Analytical procedures are normally used at three stages of the audit: (1) planning, (2) substantive testing, and (3) overall review at the conclusion of an audit. They are required during the planning and overall review stages. _)~VKA]""  
　　Analytical procedures used for 3 purposes: x)eoz2E1  
　　(1) Planning nature, timing, and extent of other auditing procedures <l5m\A  
　　(2) Substantive tests about particular assertions ~mi4V  
　　(3) Overall review in the final stage of audit _u~0t`f~  
　　◇Planning an audit FC+h \  
　　◇Audit documentation: working papers 2\gIjXX"  
　　◇The work of others V@O)7ND  
　　○Rely on the work of experts 4 fjwC,,  
　　○Rely on the work of internal audit wp> z04  
　　3. Internal control zZ<
*  
　　Internal control is a process effected by an entity’s board of directors, management, and other personnel—designed to provide reasonable assurance regarding the achievement of objectives in the following categories: (1) reliability of financial reporting, (2) effectiveness and efficiency of operations, and (3) compliance with applicable laws and regulations. ae]6F_Qtc*  
　　Five components of internal control F*>#Xr~/  
　　(1) control environment S'hUh'PZ  
　　(2) risk assessment zEukEA^9`  
　　(3) control activities d2-oy5cEB  
　　(4) information and communication 8?YeaMIBB  
　　(5) monitoring BfVh\lkH  
　　◇The evaluation of internal control systems 3T4HX|rC  
　　○Tests of control 9 Qa_3+.B  
　　○Substantive procedures (time, nature, extent) ;YW@ 3F-h  
　　◇Transaction cycles: revenue, purchases, inventory, etc. &oy')\H  
　　4. Audit evidence K{"hf:k  
　　◇Obtain sufficient, appropriate audit evidence U/|JAg#  
　　◇Assertions contained in the financial statements: completeness, occurrence, existence, measurement, presentation and disclosure, rights and obligations, valuation ecQ,DOX|b  
　　◇The audit of specific items [K'gvLt1  
　　○Receivables: confirmation N3@[95  
　　○Inventory: counting, cut-off, confirmation of inventory held by third parties pIYXYQ=Z  
　　○Payables: supplier statement reconciliation, confirmation woBx609Aak  
　　○Bank and cash: bank confirmation yBIX<P)vE'  
　　◇Auditing sampling gw[Eu>I  
　　5. Review 0(:SEiz6s  
　　◇Subsequent events %%>nM'4<  
　　◇Going concern |\G^:V[.  
　　◇Management representations cY kb3(  
　　◇Audit finalization and the final review: unadjusted differences  Y#~A":A  
　　6. Reporting e"NP]_vh,  
'\xE56v)F  

审计 4nh=Dq[  

E]GbLU;TH  
　　1.鉴证业务和外部审计 m_@XoS yxI  
0H_ux
kB~  
　　◇重要性，真实、公允反映，合理保证 ~QxW^DGa7]  
DZnqCu"J  
　　◇注册会计师的聘用，解聘和辞职 xy"'8uRi  
*KY:U&*  
　　◇审计意见类型：标准无保留意见，带解释段的无保留意见，保留意见，否定意见，无法表示意见
J@6j^U  
LbRQjwc]W  
　　◇职业道德：独立、客观和公正，专业胜任能力，应有的关注，保密性，职业行为 0gaHYqkA>}  
~?HK,`0h>  
　　◇审计业务约定书 PM#3N2?|E  
kROIVO1|`  
　　2.审计计划和风险评估 Rb&9!z  
<p*k-mfr  
　　◇一般原则 ,p#B5Dif/  
rqqd} kA  
　　○计划和执行审计业务应保持应有的职业怀疑态度 3]mprX'  
f(~N+2}  
　　○审计风险=固有风险×控制风险×检查风险 %<(d%&~  
/W BmR R  
　　○风险导向型审计 !U m9ceK  
e(|Z<6  
　　◇了解被审单位 =&$z Nc4h  
tO:JB&vO2  
　　◇估计重大错报或舞弊的风险 |vl~B|",  
.'<K$:8@|  
　　○重要性水平，可容忍误差 Q!V:=d  
62zu;p9m  
　　◇分析性复核程序 ?
{^_z_,  
$6pLsX  
　　◇制定审计计划 sg2%BkTI  
yxp ,)os:  
　　◇审计记录：工作底稿 T>rmm7F  
BOG.[?yx  
　　◇利用其他人的工作 $Vq5U9-  
Wt cib-  
　　○利用专家工作 ~h ;   
_ s3d$C?B  
　　○利用内部审计人员的工作 &|#[.ti1  
2*z~'i  
　　3.内部控制 *?HGi>]\|  
7K
hS{w6  
　　◇内部控制系统评价 
#5)/B  
*S :~U  
　　○控制测试 <a @7's  
Z6i~Dy3  
　　○实质性程序（时间，性质，范围） J*$%d1  
0ck3II  
　　◇交易循环：收入循环、采购循环、存货循环，等等。 W wPzm?30  
/u4RZ|&as  
　　4.审计证据 )c' 45bD  
7N[".V]c  
　　◇获取充分、适当的审计证据 L4m Vk  
xS/W}-dPv  
　　◇财务报表所包含的认定：完整性，发生，存在，计价，表达和披露，权利和义务, 估价 s~A-qG>  
Nyy&'\`!  
　　◇具体项目的审计 _Ik?WA_;  
K%\r[NF  
　　○应收账款：函证 ;98b SR/  
EpMxq7*  
　　○存货：盘点，截止测试，对第三方持有存货进行函证 -?)^ hbr  
cE 'LE1DK  
　　○应付账款：供应商对帐，函证 b3E1S+\=~  
.F 6US<]  
　　○货币资金：银行函证 M x#L|w`r  
018SFle  
　　◇审计抽样 [StnKQ?"wz  
ZPG,o5`%  
　　5.复核 .s*N1 U?h  
&`l\Q\_[@  
　　◇期后事项 uv/\1N;V3  
M8X6!"B$Y  
　　◇持续经营 I$t8Ko._"  
8O 'bCBhv  
　　◇管理层声明 rxgSQ+G_  
Qq`S=:}~x  
　　◇终结审计和最后复核：未调整差异 CsA(oX  
)tI^2p{  
　　6.审计报告

Examples for audit report FE!jN-#  
8j#S+=
l>  
　　(1) Standard unqualified report Ra|P5  
gvuv>A}vJ  
　　　　Independent Auditor’s Report B.r^'>jQ  
q8d](MaX  
　　To: Board of Directors and Stockholders metn&  
W:RjWn@<  
　　　　ABC Company BrE#.g Jq  
(NLw#)?  
　　We have audited the accompanying balance sheet of ABC Co., Ltd. (“ the Company”) as of December 31, 2006, and the related statements of income and cash flows for the year then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an audit opinion on these financial statements based on our audits. `&D#P%  
rH`\UZ{cc  
　　 We conducted our audits in accordance with the Independent Auditing Standards for Certified Public Accountants. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. &<e18L7a  
$M)i]ekm  
　　 In our opinion, the financial statements give a true and fair view( or are presented fairly, in all material respects, ) the financial position of ABC as of December 31, 2006 , and the results of its operations and its cash flows for the year then ended in conformity with the requirements of both the Accounting Standard for Business Enterprises and other relevant financial and accounting laws and regulations promulgated by the State. c36p+6rJk=  
c1k[)O~  
　　Zhang Hua, CPA n>,:*5"G  
k5Cy/gR  
　　　　February 26, 2007 QGuqV8 y0  
aG }oI!  
　　(2) Unqualified with additional explanatory language ruGJZAhIA^  
9?,i+\)qK@  
　　　　Independent Auditor’s Report + kKanm[!v  
Pb'
(Y  
　　To: Board of Directors and Stockholders BwWSztJ+B  
IQO|)53)  
　　 　　ABC Company ,<%uG6/",g  
)ovAGO  
　　We have audited the accompanying balance sheet of ABC Co., Ltd. (“ the Company”) as of December 31, 2006, and the related statements of income and cash flows for the year then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an audit opinion on these financial statements based on our audits. $~b6H]"9  
JI.=y5I  
　　 We conducted our audits in accordance with the Independent Auditing Standards for Certified Public Accountants. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. D-BT`@~l  
6U !P8q  
　　 In our opinion, the financial statements give a true and fair view( or are presented fairly, in all material respects, ) the financial position of ABC as of December 31, 2006 , and the results of its operations and its cash flows for the year then ended in conformity with the requirements of both the Accounting Standard for Business Enterprises and other relevant financial and accounting laws and regulations promulgated by the State. / rc[HbNg.  
@bA5uY!  
　　 In the course of our audit, we have reminded the management that, due to the sharp price decline in the stock market since January 2003, an investment loss totaling RMB5 700 000 would be incurred if the short-term equity securities held by your Company were sold out on March 10. k4V3.i!E  
_l7_!Il_  
　　Zhang Hua, CPA L=#NUNiXr  
IADHe\.  
　　　　February 26, 2007 ts,r,{  
,N(Yjq"R  
　　(3) qualified opinion / Ot3[B  
M
MFg{8  
s<{ Hu0K$  
　　　　Independent Auditor’s Report pZ>yBY?R8>  
&NBH'Rt  
　　To: Board of Directors and Stockholders kZG.Id  
nv_vFK  
　　 　　ABC Company 8+[Vo_]  
/3aW 0/^o  
　　We have audited the accompanying balance sheet of ABC Co., Ltd. (“ the Company”) as of December 31, 2006, and the related statements of income and cash flows for the year then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an audit opinion on these financial statements based on our audits. FB?~:7+'  
MG vz-E1e  
　　 We conducted our audits in accordance with the Independent Auditing Standards for Certified Public Accountants. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. cK1^j
H<|  
:+/8n+@#  
　　 The Company has excluded from property and debt in the accompanying balance sheets, certain lease obligations that, in our opinion, should be capitalized in order to conform with China generally accepted accounting principles. If these lease obligations were capitalized, property would be increased by RMB ____, long-term debt by RMB ____, and retained earnings by RMB ____ as of December 31, 2006, respectively. Additionally, net income would be decreased by RMB ____ and earnings per share would be decreased by RMB ____, respectively for the year then ended. cRf F!EV  
D:Q#%wJ  
　　 In our opinion, except for the effects of not capitalizing certain lease obligations as discussed in the preceding paragraph, the financial statements referred to above give a true and fair view( or are presented fairly, in all material respects, ) the financial position of ABC as of December 31, 2006 , and the results of its operations and its cash flows for the year then ended in conformity with the requirements of both the Accounting Standard for Business Enterprises and other relevant financial and accounting laws and regulations promulgated by the State. R)66qRf  

C^"zU>W_  
　　(4) adverse opinion U}jGr=tu  
d2UidDU5qa  
　　Independent Auditor’s Report ?\8aT"o  
-Rw3[4>@O"  
　　To: Board of Directors and Stockholders 06]3+s{{  
|2l-s 1| y  
　　 　　 ABC Company L4Jm8sy{  
\B4H0f  
　　We have audited the accompanying balance sheet of ABC Co., Ltd. (“ the Company”) as of December 31, 2006, and the related statements of income and cash flows for the year then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an audit opinion on these financial statements based on our audits. "6'",  
1k6asz^T  
　　 We conducted our audits in accordance with the Independent Auditing Standards for Certified Public Accountants. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. :o8`2Z*g  
ndLEIqOY  
　　 The inventory costing method as in Note XX and the valuation method for fixed assets as in Note XX do not follow the historical cost principle. This departure from the accounting standards has caused a RMB___ decrease in the inventory value as well as a RMB___ increase in the original value of fixed assets, which has a material impact on the correctness of the income determination. M3-lL;!n  
!-}Q{<2@W  
　　 In our opinion, due to the material impact of the matters mentioned above, the financial statements referred to above do not give a true and fair view( or are not presented fairly, in all material respects, ) the financial position as of December 31, 2002 , and the results of its operations and its cash flows for the years then ended, and are not in conformity with the requirements of both the Accounting Standard for Business Enterprises and other relevant financial and accounting laws and regulations promulgated by the State. A8&@Vxdz  
+JtKVF  
　　(5) disclaimer of opinion X "7CN Td  
<5E'`T  
　　Independent Auditor’s Report ^!S4?<v  
,ho",y  
　　To: Board of Directors and Stockholders eV*QUjS~  
rQ*w3F?:  
　　 　　 ABC Company ,CyX*k8o  
<CVX[R]U  
　　We were engaged to audit the balance sheet of your Company as of December 31, 2006 and the related statements of income and cash flows for the year then ended. These financial statements are the responsibility of the Company’s management. 06&;GW!-  
ltuV2.$  
　　 According to our examination, most of the inventory purchases and product sales of your Company are, as disclosed in the accompanying Note XX, transactions between related parties. However, we were unable, as a result of the limits imposed by management, to perform the necessary audit procedures on those transactions. Thus we were unable to conclude whether these transactions were fair and reasonable.  9Do75S{(  
e=(Y,e3  
　　 Because of the inability to perform the necessary audit procedures on the related party transaction mentioned above and the impossibility to determine their impact on the financial statements as a whole, we are unable to express an audit opinion whether the financial statements referred to above comply with the requirements of both the Accounting Standard for Business Enterprises and other relevant financial and accounting laws and regulations promulgated by the State, or whether these financial statements present fairly the financial position as of December 31, 2006 , and the results of its operations and its cash flows for the year then ended.