Tiêu đề Chapter 1 Nature, Objective, and Scope of Audit.pdf ✅

Chapter 1 Nature, Objective, and Scope of Audit Basics Process Risk Control Maker & Checker 1.2 Management and Auditor Responsibilities 1.2.1 Financial Statement Preparation as per the Applicable Financial reporting Framework Auditor 1.3 Relationship with Other Disciplines 1. Accounting: Financial statements basis. 2. Law: Compliance with legal standards. 3. Economics: Understand financial context. 4. Behavioural Science: Effective audit procedures. 5. Statistics & Mathematics: Sampling and verification. 6. Data Processing: Focus on electronic systems. 7. Financial Management: Analyse financial health. 8. Production: Assess operational efficiency. 1.13 Mandatory vs. Voluntary Audit (F) 1. Legal mandate for companies. 2. Non-corporate entities under tax laws. 3. Specific requirements for grants. 4. Voluntary audits for added value. 1.14 Appointment of Auditors 1. Companies: Appointed by shareholders (AGM). 2. Government Companies: Appointed by CAG. 3. Firms: Appointed by partners. 4. Government authority in specific cases. 1.15 Auditor's Report Submission 1. To appointing individual or entity (e.g., shareholders, partners). Objective & Scope SA-200 Overall Objectives of the Independent auditor and the conduct of an audit in accordance with Standards on Auditing (G) 1.4 Objectives of Audit 1. Obtain reasonable assurance of no material misstatement. 2. Report findings and communicate as required. (H) 1.9 Audit vs. Investigation 1. Purpose: Reasonable Assurance vs. Critical examination. 2. Objective: Opinion on Financial statements vs. verify concerns. 3. Scope: General & Broad vs. specific focus. Benefits & Limitations I J 1.11 Engagement 1. Formal agreement for auditing services. 1.16 Assurance Engagement 1. Enhances confidence of users on evaluated subject matter. Absolute Assurance 1.19 Engagement and Quality Control Standards Differnce 1.17 Audit vs. Review 1. Audit: Reasonable assurance, extensive procedures. 2. Review: Limited assurance, fewer procedures.