chun mc kim toỏn standards on auditing

... Trang 1INTERNATIONAL STANDARD ON AUDITING 200 OVERALL OBJECTIVES OF THE INDEPENDENT AUDITOR AND THE CONDUCT OF AN AUDIT IN ACCORDANCE WITH INTERNATIONAL STANDARDS ON AUDITING (Effective ... periods or about economic conditions or circumstances at points in time in the past (h) Management – The person(s) with executive responsibility for the conduct of the entity’s operations For some ... even consist only of such sources Such other sources may include: • The legal and ethical environment, including statutes, regulations, court decisions, and professional ethical obligations in...

Ngày tải lên: 29/03/2014, 18:20

... the auditor addressed the contradiction or inconsistency in forming the final conclusion Trang 919 The documentation of how the auditor addressed the contradiction or inconsistency, however, does ... Philippine Standard on Auditing (PSA) 230 (Revised), “Audit Documentation,” should be read in the context of the “Preface to the Philippine Standards on Quality Control, Auditing, Assurance and ... application and authority of PSAs Trang 4Introduction 1 The purpose of this Philippine Standard on Auditing (PSA) is to establish standards and provide guidance on audit documentation The Appendix...

Ngày tải lên: 06/07/2018, 10:33

... 580, Management Representations Auditing Standards and Practices Council Trang 2PHILIPPINE STANDARD ON AUDITING 240 (REVISED 2005) THE AUDITOR’S RESPONSIBILITY TO CONSIDER FRAUD IN AN AUDIT OF ... intentional omission from, the financial statements of events, transactions or other significant information • Intentional misapplication of accounting principles relating to amounts, classification, ... intentional misstatements, since audit procedures may be ineffective for detecting an intentional misstatement that is concealed through collusion between or among one or more individuals among...

Ngày tải lên: 06/07/2018, 10:33

... (Council) are based on International Standards on Auditing (ISAs) issued by the International Auditing Practices Committee of the International Federation of Accountants The ISAs on which the PSAs ... Standard on Auditing 260 COMMUNICATIONS OF AUDIT MATTERS WITH THOSE CHARGED WITH GOVERNANCE Auditing Standards and Practices Council Trang 2PHILIPPINE STANDARD ON AUDITING 260 COMMUNICATIONS OF ... to consult with Trang 9-6- Laws and Regulations 21 The requirements of the SEC and BSP impose obligations on the auditor to make communications on governance related matters.3 These additional...

Ngày tải lên: 06/07/2018, 10:33

... Philippine Standard on Auditing (PSA) 300, “Planning an Audit of Financial Statements,” should be read in the context of the “Preface to the Philippine Standards on Quality Control, Auditing, Review, ... procedures, based on the revised consideration of assessed risks at the assertion level for all or some of the classes of transactions, account balances or disclosures Direction, Supervision and Review ... practitioner) In such situations, questions of direction and supervision of engagement team members and review of their work do not arise as the audit engagement partner, having personally conducted...

Ngày tải lên: 06/07/2018, 10:34

... communication (d) Control activities (e) Monitoring of controls Appendix 2 contains a detailed discussion of the internal control components 44 The division of internal control into the five components ... explanation is contained in the discussion of each internal control component below Implementation of a control means that the control exists and that the entity is using it The auditor considers ... “internal control” encompasses all five components of internal control stated above In addition, the term “controls” refers to one or more of the components, or any aspect thereof Controls Relevant...

Ngày tải lên: 06/07/2018, 10:34

... draw reasonable conclusions on which to base the audit opinion Concept of Audit Evidence 3 “Audit evidence” is all the information used by the auditor in arriving at the conclusions on which ... 500 (Revised) AUDITING AUDIT EVIDENCE (REVISED) Introduction 1 The purpose of this Philippine Standard on Auditing (PSA) is to establish standards and to provide guidance on what constitutes audit ... appropriate consideration of recording transactions in the correct accounting period Audit Procedures for Obtaining Audit Evidence 19 The auditor obtains audit evidence to draw reasonable conclusions on...

Ngày tải lên: 06/07/2018, 10:34

... Standard on Auditing 505 EXTERNAL CONFIRMATIONS Auditing Standards and Practices Council Trang 2PHILIPPINE STANDARD ON AUDITING 505 EXTERNAL CONFIRMATIONS CONTENTS Paragraphs Relationship of ... (Council) are based on International Standards on Auditing (ISAs) issued by the International Auditing Practices Committee of the International Federation of Accountants The ISAs on which the PSAs ... and Negative Confirmations 20-24 Characteristics of Respondents 28-29 The External Confirmation Process 30-35 Evaluating the Results of the Confirmation Process 36 External Confirmations Prior to...

Ngày tải lên: 06/07/2018, 10:34

... (Council) are based on International Standards on Auditing (ISAs) issued by the International Auditing Practices Committee of the International Federation of Accountants The ISAs on which the PSAs ... wishes to draw conclusions For example, all of the items in an account balance or a class of transactions constitute a population A population may be divided into strata, or sub-populations, with each ... Trang 1Philippine Standard on Auditing 530 AUDIT SAMPLING AND OTHER SELECTIVE TESTING PROCEDURES Auditing Standards and Practices Council Trang 2PHILIPPINE STANDARD ON AUDITING 530 AUDIT SAMPLING...

Ngày tải lên: 06/07/2018, 10:34

... (Council) are based on International Standards on Auditing (ISAs) issued by the International Auditing Practices Committee of the International Federation of Accountants The ISAs on which the PSAs ... 1Philippine Standard on Auditing 540 AUDIT OF ACCOUNTING ESTIMATES Auditing Standards and Practices Council Trang 2PHILIPPINE STANDARD ON AUDITING 540 AUDIT OF ACCOUNTING ESTIMATES CONTENTS Paragraphs ... management are: (a) evaluation of the data and consideration of assumptions on which the estimate is based; (b) testing of the calculations involved in the estimate; (c) comparison, when possible, of...

Ngày tải lên: 06/07/2018, 10:34

... (Council) are based on International Standards on Auditing (ISAs) issued by the International Auditing Practices Committee of the International Federation of Accountants The ISAs on which the PSAs ... Trang 4Introduction 1 The purpose of this International Standard on Auditing (PSA) is to establish standards and provide guidance on auditing fair value measurements and disclosures contained in financial ... assumptions about future conditions, transactions or events Trang 5whose outcome is uncertain and will therefore be subject to change over time The auditor's consideration of such assumptions is...

Ngày tải lên: 06/07/2018, 10:34

... application is permitted 17 This PSA supersedes SASP No 4, “Client Representations.” Acknowledgment 18 This PSA, “Management Representations,” is based on International Standard on Auditing (ISA) ... same title issued by the International Auditing and Assurance Standards Board (formerly International Auditing Practices Committee) of the International Federation of Accountants 19 There are no ... Philippine Standard on Auditing 580 was unanimously approved on January 20, 2003 by the members of the Auditing Standards and Practices Council: Benjamin R Punongbayan, Chairman Antonio P Acyatan,...

Ngày tải lên: 06/07/2018, 10:34

... International Standards on Auditing, which standards on auditing are the same Those standards require….” Deleted: The auditor may conduct the audit in accordance with both ISAs and the auditing standards ... “Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit We conducted our audit in accordance with both the Philippine Standards on Auditing ... conducted in accordance with the International Standards on Auditing only when the auditor has complied fully with all of the International Standards on Auditing relevant to the audit.¶ ¶ Deleted:...

Ngày tải lên: 06/07/2018, 10:34

... (Council) are based on International Standards on Auditing (ISAs) issued by the International Auditing Practices Committee of the International Federation of Accountants The ISAs on which the PSAs ... Trang 1Philippine Standard on Auditing 710 COMPARATIVES Trang 2PHILIPPINE STANDARD ON AUDITING 710 COMPARATIVES CONTENTS Paragraphs Appendix 1: Discussion of Financial Reporting Frameworks ... into the PSAs Trang 4Introduction 1 The purpose of this Philippine Standard on Auditing (PSA) is to establish standards and provide guidance on the auditor's responsibilities regarding comparatives...

Ngày tải lên: 06/07/2018, 10:34

... financial statements AUDITING National practices (auditing) [This definition does not apply in the Philippines and is therefore not used.] National standards (auditing)—A set of auditing standards defined ... information of significance to the audit, whether that computer is operated by the entity or by a third party Confirmation—(see External confirmation) Continuing auditor—(see Auditor) Control environment—The ... with conservation of renewable and non-renewable resources (such initiatives may be required by environmental laws and regulations or by contract, or they may be undertaken voluntarily); (b) Consequences...

Ngày tải lên: 03/08/2018, 16:35

... RELATED SERVICES CONTENTS Pages Preface to the International Standards on Quality Control, Auditing, Review, Other Assurance Preface to Philippine Standards on Quality Control, Auditing, Review, ... INTERNATIONAL STANDARDS ON QUALITY CONTROL, AUDITING, REVIEW, OTHER ASSURANCE AND RELATED SERVICES Trang 2AND RELATED SERVICES AND PREFACE TO PHILIPPINE STANDARDS ON QUALITY CONTROL, AUDITING, ... Trang 7THE AUTHORITY ATTACHING TO INTERNATIONAL STANDARDS ISSUED BY THE INTERNATIONAL AUDITING AND ASSURANCE STANDARDS BOARD 10 International Standards on Auditing (ISAs) are to be applied in the...

Ngày tải lên: 03/08/2018, 16:35

... Standard on Auditing (PSA) 220 (Revised), “Quality Control for Audits of Historical Financial Information” should be read in the context of the “Preface to the Philippine Standards on Quality Control, ... equivalent body; (h) “Monitoring” – a process comprising an ongoing consideration and evaluation of the firm’s system of quality control, including a periodic inspection of a selection of completed ... 3Quality Control for Audits of Historical Financial Information Introduction 1 The purpose of this Philippine Standard on Auditing (PSA) is to establish standards and provide guidance on specific...

Ngày tải lên: 03/08/2018, 16:35

... the auditor addressed the contradiction or inconsistency in forming the final conclusion Trang 919 The documentation of how the auditor addressed the contradiction or inconsistency, however, does ... Philippine Standard on Auditing (PSA) 230 (Revised), “Audit Documentation,” should be read in the context of the “Preface to the Philippine Standards on Quality Control, Auditing, Assurance and ... application and authority of PSAs Trang 4Introduction 1 The purpose of this Philippine Standard on Auditing (PSA) is to establish standards and provide guidance on audit documentation The Appendix...

Ngày tải lên: 03/08/2018, 16:35

... 580, Management Representations Auditing Standards and Practices Council Trang 2PHILIPPINE STANDARD ON AUDITING 240 (REVISED 2005) THE AUDITOR’S RESPONSIBILITY TO CONSIDER FRAUD IN AN AUDIT OF ... intentional omission from, the financial statements of events, transactions or other significant information • Intentional misapplication of accounting principles relating to amounts, classification, ... intentional misstatements, since audit procedures may be ineffective for detecting an intentional misstatement that is concealed through collusion between or among one or more individuals among...

Ngày tải lên: 03/08/2018, 16:35