2010年注冊(cè)會(huì)計(jì)師考試《審計(jì)》英語輔導(dǎo)講義(2)

　　[中文教材P115]

　　Planning of the audit

　　Audit risk

　　Test of control = compliance test

　　Substantive procedure 實(shí)質(zhì)性程序

　　[中文教材p298]

　　Analytical review 分析程序

　　You are the audit manager of Hood Enterprises a limited liability company. The company’s annual turnover is over $10 million.

　　Required:

　　(a)Compare the responsibilities of the directors and auditors regarding the published financial statements of Hood Enterprises.　　　　　　　　　　　　　　　　　　　　　　(6 marks)

　　Preparation of financial statements

　　The directors are normally required to prepare the financial statements of the company using the appropriate law of their country and in accordance with the Intermational Accounting Standards(IASs). The auditors are normally required to check or audit those finalcial statements, again in accordance with the legislation of their country and the Intermational Statements on Auditing.

　　Fraud and error

　　The directors are responsible for preventing and detecting fraud and error in the financial statements, no matter how immaterial this may be. Auditors are responsible for ensuring that the financial statements show a true and fair view; in other words that the financial statements are materially correct. Auditors are not required to detect immaterial fraud or error.

　　Disclosure

　　The directors must ensure that there is adequate disclosure of all matters required by statute or IASs in the financial statements. The auditor will check that disclosure provisions have been complied with ,and where certain disclosures have not been made(e.g. ISA 550 regarding related party transactions)provide this information in the audit report.