战略系统审计资料.pptx

Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,*,Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,*,*,Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,*,*,Audit Comfort Cycle,4 Key Questions,What does management need to get comfort on?,How does management get comfort?,Are they entitled to that comfort?,Can we audit that comfort?,Market,Overview,Strategy,Value,Creating,Activities,Financial,Performance,OTHER AUDIT PROCEDURES,FINANCIAL STATEMENTS,COMPLETION,ACCEPTANCE/CONTINUANCE ASSESSMENT,SUBSTANTIVE AUDIT EVIDENCE,MAINLY SUBSTANTIVE,ANALYTICAL PROCEDURES,SIGNIFICANT,CONTROLS,COMFORT,NO/LIMITED,CONTROLS,COMFORT,MAINLY TESTSOF DETAILS,1,战略系统审计资料,第1页,Scoping:Forming a Point of View,Perform company and industry analytical procedures,Research and analyze external communications,Partners connect with staff members,Document the teams understanding of the business,Knowledge broker to capture and share industry information,Form a point of view on the risks that management should be concerned about,2,战略系统审计资料,第2页,Scoping:Business Analysis Framework,3,战略系统审计资料,第3页,4,战略系统审计资料,第4页,Strategic Analysis,Understand the clients strategic advantage,5,战略系统审计资料,第5页,6,战略系统审计资料,第6页,7,战略系统审计资料,第7页,Risk Assessment,Understand the risks that threaten attainment of the clients business objectives,“The primary goal of management control is to ensure that risk monitoring and control activities are aligned properly with overall strategic objectives”p.35,Strategic risks,Process risks,8,战略系统审计资料,第8页,Scoping:Risk Assessment Key Risks,Key Risk,We identify audit risk through understanding the entitys business objectives and related risks.,Business Risks,Audit Risks,Key Risk,Key Risk,Key Risk,Key Risk,Key risks are those,conditions or factors within an audit that,in the judgment of the auditor,give rise to a greater risk of material financial misstatement or other matters resulting in the issuance of an inappropriate audit report.,9,战略系统审计资料,第9页,Scoping:Analytical Procedures,High Level,Understand the business,Identify areas of risk,Disaggregated Account Level,Determine the nature,timing&extent of testing,External benchmarking to peers,market trends,Looking for anomalies,areas of risk,Use of extensive knowledge management tools available,10,战略系统审计资料,第10页,Business Process Analysis,Understand the key processes and related competencies needed to realize strategic advantage,Process driven competition,Measure and benchmark process performance,Document understanding of the clients ability to create value and generate future cash flows using a client business model,process analyses,key performance indicators,and a business risk profile,11,战略系统审计资料,第11页,Business,Risks related to achieving Objectives,Business Process A,Completeness,Accuracy,Validity,Restricted Access,Business Process B,Completeness,Accuracy,Validity,Restricted Access,Business Process C,Completeness,Accuracy,Validity,Restricted Access,Account Balances and Transactions,Account Balances and Transactions,General Computer Controls,Account Balances and Transactions,Connecting the Dots,Business Objectives,Financial Statement Assertions/Audit Objectives,Classes of Transactions,Occurrence,Completeness,Accuracy,Cutoff,Classification,Account Balances,Rights&Obligations,Existence,Completeness,Accuracy/Valuation,Presentation&Disclosure,Occurrence/R&O,Completeness,Understandability,Accuracy/Valuation,12,战略系统审计资料,第12页,13,战略系统审计资料,第13页,Assess implications for business and audit,Is risk identification complete?,Are they prioritized properly?,Are there controls to minimize risks to acceptable level?,Do accounting choices and disclosures adequately reflect uncontrolled risks?,Groups residual business risk by financial statement assertion,14,战略系统审计资料,第14页,Scoping Translated into Audit Strategy,Where controls over significant account balances or classes of transaction are not aligned,we will need to perform substantive tests of details.,Stakeholders,Risks,Controls,Alignment,Business Objectives,15,战略系统审计资料,第15页,Business Measurement,Use the comprehensive business knowledge decision frame to develop expectations about key assertions embodied in the overall financial statements,Compare reported financial result to expectations and design additional audit test work to address any gaps between expectations and reported results,Transaction based auditing procedures are applied to non-routine transactions and non-routine and highly judgmental accounting estimates(p.36).,Computer audit techniques filter routine transactions for unusual items,Additional test work is performed when interrelated financial and Nonfinancial performance measures are inconsistent and when key financial-statement assertions are not consistent with the auditors understanding of the organizations strategic-systems dynamic,Quality of earnings are assessed,Process performance evaluated on,Cycle time,Process quality,Process cost,16,战略系统审计资料,第16页,Scoping:Audit Team of Specialists,Our best teams use our specialist capabilities to help in,forming a point of view,.,Stakeholders,Business Objectives,Financial Risk,Business Process,Enterprise-wide Risk,Systems&Technology,Energy Trading Risk,Business Resilience,Project Management,Internal Audit,Security,Data Risk,Regulatory/Compliance,Performance Improvement,Treasury,Risks,Controls,Alignment,Computer-Assisted Audit Techniques,Fraud,17,战略系统审计资料,第17页,Audit Comfort Cycle,4 Key Questions,What does management need to get comfort on?,Market,Overview,Strategy,Value,Creating,Activities,Financial,Performance,OTHER AUDIT PROCEDURES,FINANCIAL STATEMENTS,COMPLETION,ACCEPTANCE/CONTINUANCE ASSESSMENT,SUBSTANTIVE AUDIT EVIDENCE,MAINLY SUBSTANTIVE,ANALYTICAL PROCEDURES,SIGNIFICANT,CONTROLS,COMFORT,NO/LIMITED,CONTROLS,COMFORT,MAINLY TESTSOF DETAILS,How does management get comfort?,Are they entitled to that comfort?,Can we audit that comfort?,18,战略系统审计资料,第18页,“Taking Stock”:Real-Time Linkage in the Iterative Process,Share team members cumulative knowledge,Update risk identification and assessment,Consider the audit comfort gained to date,by audit assertion,Answer:“Do we have enough comfort?”,Answer:“What do we do next?”,19,战略系统审计资料,第19页,Substantive Audit Evidence,Market,Overview,Strategy,Value,Creating,Activities,Financial,Performance,OTHER AUDIT PROCEDURES,FINANCIAL STATEMENTS,COMPLETION,ACCEPTANCE/CONTINUANCE ASSESSMENT,SUBSTANTIVE AUDIT EVIDENCE,MAINLY SUBSTANTIVE,ANALYTICAL PROCEDURES,SIGNIFICANT,CONTROLS,COMFORT,NO/LIMITED,CONTROLS,COMFORT,MAINLY TESTSOF DETAILS,20,战略系统审计资料,第20页,Assurance Hierarchy,Will we obtain audit assurance from tests of controls?,Test controls.,No further testing required.,Can we obtain audit assurance from substantive analytical procedures?,Perform substantive analytical procedures.,Perform tests of details.,Do we need additional audit assurance?,No,Yes,No,No,Yes,Yes,21,战略系统审计资料,第21页,Other Audit Procedures,Market,Overview,Strategy,Value,Creating,Activities,Financial,Performance,OTHER AUDIT PROCEDURES,FINANCIAL STATEMENTS,COMPLETION,ACCEPTANCE/CONTINUANCE ASSESSMENT,SUBSTANTIVE AUDIT EVIDENCE,MAINLY SUBSTANTIVE,ANALYTICAL PROCEDURES,SIGNIFICANT,CONTROLS,COMFORT,NO/LIMITED,CONTROLS,COMFORT,MAINLY TESTSOF DETAILS,22,战略系统审计资料,第22页,Other Audit Procedures:More Connecting the Dots,Link,management information,to financial statements,Review,adjustments,necessary to reconcile management information to the financial statements,Review non-standard journal entries and other adjustments to ascertain whether entries may be,indicative of fraud,based upon the risk of management override on controls,Perform ongoing analytical procedures,including updating,analytical procedures,related to revenue,23,战略系统审计资料,第23页,Continuous Improvement,Feedback to capital suppliers and inside process owners,24,战略系统审计资料,第24页,