차근차근 재무 공부 기록장

Engagement acceptance and continuance 1. Determine the nature and scope of engagement 2. CPA firm's ability & independence, Client's integrity & audibility 3. Communication with the predecessor auditor(must, oral / written), consent of the prospective client - integrity of client - disagreement w mgt - communication to audit committee regarding fraud, illegal acts, IC - reasons for change Planni..

Code of professional conduct Any service that a member of the AICPA performs if not in public practice only Rule 102 (integrity and objectivity) and 501 (Discreditable Acts) must be observed what is right and just, all members of AICPA responsibility toward the public Principles 1) Responsibilities: professional and moral judgments 2) Public interest 3) Integrity: right and just 4) Objectivity a..

0. General Responsibility Management establish and maintain the effective and efficient internal control Auditor plan audit and assess control risk ensure the audit committee is aware of SD and MW which come to the auditor's attention > no obligation to search for SD of IC Limitation reasonable assurance - cost constraints - mgt override - human judgment in decision-making - human failure - cont..

0. General Sampling 대상 Risk assessment (x) TOC ( observation x, inspection 0, inquiry x, reperformance x) ST ( AP x, TOD balance 0, transaction x) Non-statistical / statistical sampling Both involve judgment in planning,executing, evaluating the results of the sample Both provide sufficient, competent evidential matter Non-sampling risk/ Sampling risk Non-sampling risk failure to select appropri..