欢迎来到天天文库
浏览记录
ID:51617109
大小:189.00 KB
页数:29页
时间:2020-03-26
《Auditing审计学 基于环境变化的概念Ritterch02.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、Chapter2CORPORATEGOVERNANCE-ENHANCINGTHEAUDITFUNCTIONDefineCorporateGovernance"aprocessbywhichtheownersandcreditorsofanorganizationexertcontrolandrequireaccountabilityfortheresourcesentrustedtotheorganization.Theowners(stockholders)electaboardofdirectorstoprovideoversightoftheorganization'sac
2、tivities"ListprimarypartiesinvolvedincorporategovernanceStockholdersBoardsofDirectorsAuditCommitteesoftheBoardManagementSelf-RegulatoryAccountingOrganizations(e.g.AICPA,FASB)OtherSelf-RegulatoryOrganizations(e.g.NYSE,NASD)RegulatoryAgencies(e.g.SEC)ExternalAuditorsInternalAuditorsWhatareSECco
3、ncernsregardingtheauditingprofession?AuditorswerenolongerwillingtoconfrontclientsoverquestionableaccountingpracticesConsultingfeeswereimpairingauditorindependenceAccountantswereusingtechnicalinterpretationsofGAAPtopushthelimitsofaccountingWhatarethePublicOversightBoard(POB)concerns?Analytical
4、proceduresusedinappropriatelytoreplacedirecttestsofaccountbalancesAuditfirmsnotthoroughlyevaluatinginternalcontrolandapplyingsubstantiveprocedurestoaddressweaknessesincontrolAuditdocumentation,especiallyrelatedtoauditplanning,didnotmeetprofessionalstandardsAuditorsignoredwarningsignsoffraudan
5、dotherproblemsAuditorswerenotprovidingsufficientwarningaboutcompaniesthatmightnotcontinueas'goingconcerns'TheSarbanes/OxleyActof2002waspassedbyCongressinresponsetomassiveaccountingscandals.Significantprovisionsinclude:EstablishesthePublicCompaniesAccountingOversightBoard(PCAOB)withbroadauthor
6、ity,includingthepowertosetauditingstandardsforauditsofpubliclytradedcompaniesRequirestheCEOandCFOcertifythefinancialstatementsRequirescompaniestoprovideacomprehensivereportoninternalcontrolsoverfinancialreportingandthatauditorsreportoninternalcontrolsAuditCommitteesgivenexpandedpowersasthe'au
7、ditclient'andmustpre-approveanynon-auditservicesbyitsexternalauditorsAuditCommitteesmustreporttheiractivitiestothepublicTheSarbanes/OxleyActof2002ContinuedAuditCommitteesmusthaveatleastonepersonwhoisafinancialexpert.Othermembersmustbeknowledg
此文档下载收益归作者所有