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ID:51617105
大小:70.50 KB
页数:19页
时间:2020-03-26
《Auditing审计学 基于环境变化的概念Ritterch13.ppt》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、Chapter13AuditofFixedAssetsandRelatedExpenseAccountsDiscussBusinessRiskandBusinessEnvironmentFixedassetsareoftenthelargecategoryofassetsBecausethereistypicallylimitedactivityinfixedassetsAuditorsusuallyfocusontestingtransactionsratherthantestsofaccountbalancesAuditperiodtransactionsincludeadditions
2、,disposals,write-offs,anddepreciationWhatisearningsmanagement?Waysfixedassetscanbeusedtomanageearnings:ChangeestimatedusefullivesandresidualvaluesCapitalizecoststhatshouldbeexpensed,suchasrepairsandmaintenanceAccountforcapitalleasesasoperatingleasesReviewRisksAssociatedwithFixedAssetsandRelatedExpe
3、nses:UnrecordedassetdisposalsEnvironmentalissuesObsolescenceorimpairmentofassetsRestructuringchargesrelatedtochangesinthenatureofthebusinessIncorrectrecordingofassets,hiddenbycomplexownershipstructuresdesignedtokeepassets(andrelatedliabilities)offthebooksIncorrectvaluationofassetsacquiredaspartofag
4、rouppurchaseAmortizationordepreciationwhichdoesnotreflecttheeconomicuseoftheassetFailuretorecognizeimpairmentsinvalueIncorrectcomputationofgains/lossesonassetdisposalImproperrecordingofcapitalleasesasoperatingleasesCapitalizationofcoststhatshouldbeexpensedReviewRisksAssociatedwithFixedAssetsandRela
5、tedExpenses:Howdoestheauditorbecomeawareoftherisks?Auditorwillnormallybeawareoftheserisksthroughreviewof:Industrytrends,technologicaladvances,andchangesinlocationofproductionfacilitiesBusinessplanformajoracquisitionsMajorcontractsregardingcapitalinvestmentsorjointventuresMinutesofboardofdirectormee
6、tingsCompanyfilingswiththeSECdescribingactions,risks,strategiesDiscussAnalyticalAnalysisforPossibleMisstatementsAnalyzeindustrytrendsandchangesinproductlinesHelpsidentifyassetsthatarenotasusefulasinpreviousyearsTourtheplantandnoteidleequipmentAnalyzeDepreciationforConsistencyandEconomicActivityRevi
7、ewgains/lossesonequipmentdisposalsPerformanalyticalestimateofdepreciationExplainEvaluatingControlRiskandControlEffectivenessControlsissues:Periodicinventoriesofphysicalassetsreconciledtotheequipmentsubsidia
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