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ID:51617106
大小:85.00 KB
页数:27页
时间:2020-03-26
《Auditing审计学 基于环境变化的概念Ritterch11.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、Chapter11AuditofAcquisitionCycleandInventoryOverviewofAcquisitionCycleTheacquisitioncyclecoversthepurchase,receipt,payment,andaccountingforgoodsandservicesMajoraccountsincludeinventory,accountspayable,andexpensesMainphasesintheacquisitionandpaymentprocess:AuthorizedrequisitionAut
2、horizedpurchaseReceiptofgoodsandservicesApprovalforpaymentCashdisbursementDiscussRiskandBusinessAnalysisAcquisitioncycledealswithreceiptofallgoodsandservicesMisstatementsmayoccurjustbecauseofthevolumeoftransactionsItisalsoanareawherefraudislikelytotakeplace.Forexample,Employeethe
3、ftofinventorycausinginventoryonthebookstobeoverstatedEmployeessettingupfictitiousvendorsandpayingthemselvesforgoodsneverreceivedbythecompanyExecutivesabusingtravelandentertainmentexpensesforpersonaluseCapitalizingexpensesasassetstoinflateearningsOverestimating"restructuringreserv
4、es"atthetimeofacquisitionsoexpensescouldbereducedinfutureperiodsWhataretheredflagsoftheacquisitionandpaymentcycle?Thereareanumberofredflagsuniquetotheacquisitionandpaymentcycle.Theseinclude:InventorygrowingatarategreaterthansalesExpensessignificantlyaboveorbelowindustrynormsCapit
5、alassetsgrowingfasterthanthebusinessandforwhichtherearenotstrategicplansSignificantreductionof"reserves"ExpenseaccountsthathavesignificantcreditentriesTravelandentertainmentexpenseaccountsthatdonothavedocumentationInadequatefollow-uptoauditorrecommendationsonneededcontrolsWhatana
6、lyticalanalysiscanbedoneformisstatements?Analyticalprocedurestoidentifypotentialmisstatements:Calculateandanalyzedollarandpercentagechangeininventory,costofgoodssold,andexpenseaccountsComputeandanalyzeratioslikeinventoryturnoverandnumberofday'ssalesininventoryPreparecommonsizedin
7、comestatementtoidentifycostofgoodsoldorexpenseaccountsthatareoutoflineAuditorcomparesclientanalyticstopastclientperformance,industryresults,andauditor'sexpectationsOverviewofControlProceduresandControlRiskAssessmentRequisitiongoodsorservicesNeedidentifiedPre-numberedrequisitionfo
8、rmcompletedandsenttopurchasingPurchasego
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