饿其体肤accaF8实质性审计程序总结大全

2021年1月20日发(作者：bluecoat)
Substantive procedures
–
Additions and disposals
Additions
–
Obtain a breakdown of additions, and agree to the non- current asset register to confirm completeness
of plant & equipment (P&E)


























.
1.
具体的
breakdown
与固资帐比查完整性

–
Select a sample of additions and agree cost to supplier invoice to confirm valuation.



















































2.
抽样与发票核对查价值

–
Verify rights and obligations by agreeing the addition of plant and equipment to a supplier invoice in the
name of Pear.





































3.
查发票署名查权利与义务
–
For a sample of additions recorded in P&E physically verify them on the factory floor to confirm
existence.









































4.
查实体
.
存在性

–
Review board minutes to ensure that significant capital expenditure purchases have been authorised
by the board.





































5.
查董事会记录

–
Review the list of additions and confirm that they relate to capital expenditure items rather than repairs
and maintenance.


































6
查费用化与资本化问题

Disposals
–
Obtain a breakdown of disposals, cast the list and agree all assets removed from the non-current asset
register to confirm existence.



























1.
具体的与总查存在

–
Select a sample of disposals and agree sale proceeds to supporting documentation such as sundry
sales invoices.







































2.
无耻法查
supporting documentation
–
Recalculate the profit/loss on disposal and agree to the income statement.
3.
重计


i
nventory substantive procedures for balances at the year end.
(i) Existence
Assets, liabilities and equity interests exist.
Substantive procedures
During the inventory count select a sample of assets recorded in the inventory records and agree to the
warehouse to confirm the assets exist.
Obtain a sample of pre year-end goods despatch notes and agree that these finished goods are excluded
from the inventory records.
(ii) Rights and obligations
The entity holds or controls the rights to assets, and liabilities are the obligations of the entity.

(iii) Completeness
All assets, liabilities and equity interests that should have been recorded have been recorded.
Substantive procedures
Obtain a copy of the inventory listing and agree the total to the general ledger and the financial
statements.
During the inventory count select a sample of goods physically present in the warehouse and confirm
recorded in the inventory records.
(iv) Valuation and allocation

Assets, liabilities and equity interests are included in the financial statements at appropriate amounts and
any resulting valuation or allocation adjustments are appropriately recorded.
Substantive procedures
Select a sample of goods in inventory at the year end, agree the cost per the records to a recent
purchase invoice and ensure that the cost is correctly stated.
Select a sample of year-end goods and review post year-end sales invoices to ascertain if net realisable
value is above cost or if an adjustment is required.

Substantive procedures
Depreciation
–
Review the reasonableness of the depreciation rates applied to the new leisure facilities and compare
to industry averages.






































depreciation rates
与同行业比较

–
Perform a proof in total calculation for the depreciation charged on the equipment, discuss with
management if significant fluctuations arise.


















a proof in total

AP
–
Select a sample of leisure equipment and recalculate the depreciation charge to ensure that the
non- current asset register is correct.








Recalculate the depreciation charge

为

accuracy
–
Review the disclosure of the depreciation charges and policies in the draft financial statements.
ACCURACY
–
Review profits and losses on disposal of assets disposed of in the year, to assess the reasonableness
of the depreciation policies.















profits and losses on disposal of assets

是否合理


Food poisoning
1
–
Review
the correspondence from the customers
claiming food poisoning to assess whether
Pineapple has a present obligation as a result of a past event.




存在

1
–
Send an
enquiry letter to the lawyers
of Pineapple to obtain their view as to the probability of the
claim being successful.
1
–
Review
board minutes
to understand whether the directors believe that the claim will be successful
or not.
2
–
Review the
post year-end period
to assess whether any payments have been made to any of the
claimants.


















































数字

2
–
Discuss with management
as to whether they propose to include
a contingent liability
disclosure
or not, consider the reasonableness of this.
3 Obtain a
written management representation confirming
management’s view that the lawsuit is
unlikely to be successful and hence no provision is required.






发誓

3
–
Review the
adequacy of any disclosures
made in the financial statements.

Substantive procedures over year-end

trade payables
–
Obtain a listing of trade payables from the
purchase ledger
and agree to the
general ledger
and the
financial statements.

















































1
账户比数字

–
Review the list of trade payables against prior years to identify any significant omissions.

1
与去年比数字

–

Calculate the trade payable days
for Greystone and compare to prior years, investigate any
significant differences.















































1
计算
payable days
比数字

–
Select a sample of goods received notes before the year-end and follow through to inclusion in the
year-end payables balance, to ensure correct
cut-off.

–
Review after date payments, if they relate to the current year























2
cutoff
–
Obtain supplier statements and reconcile these to the purchase ledger balances, and investigate any
reconciling items.


















































与供货方比较信息
accuracy
–

Enquire of management their process for identifying goods received but not invoiced or logged
in
the purchase ledger and ensure that it is reasonable to ensure completeness of payables.
询问对收到货但是未收到发票情况的处理方法

–
Review the purchase ledger for any
debit balances
, for any significant amounts discuss with
management and consider reclassification as current assets.


数据出现异常与管理层讨论原因

–
Ensure payables included in financial statements as current liabilities.


无耻法正确做账



directors’
bonus
and
remuneration
–
Obtain a
schedule
of the directors’ remuneration including the bonus paid and cast the addition of the
schedule.
–
Agree the individual
bonus payments
to the
payroll

records
.










12
都是

账实对照查准确性

–
Confirm the amount of each
bonus

paid
by agreeing to the
cash

book
and
bank

statements
.
–
Review the board minutes to confirm whether any additional bonus payments relating to this year have
been agreed.
























































董事会记录

–

Obtain a written representation from management confirming the completeness of directors’
remuneration including the bonus.









































书面

–
Review any disclosures made of the bonus and assess whether these are in compliance with local
legislation.


























































查是否合法合规


Audit procedures regarding non-depreciation of buildings
–
Review audit file to ensure that sufficient appropriate audit evidence has been collected in respect of
this matter.
–
Ensure that GAAP does apply to the specific buildings owned by Galartha Co and that a departure from
GAAP is not needed in order for the financial statements to show a true and fair view.
–
Meet with the directors to confirm their reasons for not depreciating buildings.
–
Warn the directors that in your opinion buildings should be depreciated and that failure to provide
depreciation will result in a modified audit report.
–
Determine the effect of the disagreement on the audit report in terms of the modified opinion being
material or of pervasive materiality to the financial statements.
–
Draft the appropriate sections of the modified audit report.
–
Obtain a letter of representation from the directors confirming that depreciation will not be charged on
buildings.

Procedures to confirm i
nventory held at third party
locations
–
Send a letter requesting direct
confirmation
of inventory balances held at year end from the third party
warehouse
























































函证

providers used by Abrahams Co regarding quantities and condition.
–
Attend the inventory count
(if one is to be performed) at the third party warehouses to review the
controls in operation to ensure the completeness and existence of inventory.

参与盘点

–
Inspect any reports

produced
by the auditors of the warehouses in relation to the adequacy of
controls over inventory.















































检查报告

–
Inspect any
documentation
in respect of third party inventory.











检查第三方仓储文件

(ii)
Procedures to
confirm use of standard costs for inventory valuation
–

Discuss
with management of Abrahams Co the basis of the standard costs applied to the inventory
valuation, and how often these are reviewed and updated.



















与管理层讨论

–
Review the level of
variances

between

standard

and

actual
costs and
discuss
with management
how these are treated.



















































与管理层讨论差别

–
Obtain a
breakdown
of the standard costs and agree a sample of these costs to actual invoices or
wage records to assess their reasonableness.
































明细检查差错


Going concern procedures
–

Obtain the company’s
cash flow forecast
and review the cash in and out flows. Assess the
assumptions for reasonableness and discuss the findings with management to understand if the
company will have sufficient cash flows.
–

Review the company’s
post year-end sales
and order book to assess if the levels of trade are likely to
increase and if the revenue figures in the cash flow forecast are reasonable.
–
Review the
loan agreement
and recalculate the covenant which has been breached. Confirm the
timing and amount of the loan repayment.
–
Review any agreements with the bank to determine whether any other covenants have been breached,
especially in relation to the overdraft.
–
Discuss with the directors whether they have contacted
any alternative banks for finance
to assess
whether they have any other means of repaying the loan of $$4·
8m.
–
Review any correspondence with
shareholders
to assess whether any of these are
likely to increase
their equity investment
in the company.

























财务

–
Review post year-end correspondence with
suppliers
to identify if any others have threatened
legal
action or refused to supply goods
.
–
Discuss with the finance director whether the sales director has yet been
replaced
and whether any
new customers have been obtained to replace the one lost.

















运营

法律

–
Enquire of the
lawyers
of Strawberry as to the existence of any additional litigation and request their
assessment of the likely amounts payable to the suppliers.


















–
Perform audit tests in relation to
subsequent events
to identify any items that might indicate or
mitigate the risk of going concern not being appropriate.
–
Review the post year-end
bo
ard
minutes
to identify any other issues that might indicate further
financial difficulties for the company.
–
Consider whether the g
oing concern basi
s is appropriate for
the preparation of the financial
statements.
–
Obtain
a written representation c
onfirming the director’s vi
ew that Strawberry is a going concern.







































































其他

Procedures the auditor should adopt in respect of
auditing accounting estimates
include:
–

Enquire
of management
how t
he accounting estimate is made and the d
ata
on which it is based.
–

Determine whether events occurring up to the date of the auditor’s report (after the reporting period)
provide audit evidence regarding the accounting estimate.
–

Review the method
of measurement used and assess the r
easonableness o
f assumptions made.
–
Test the operating effectiveness of the controls over how management made the accounting estimate.
–
Evaluate overall whether the accounting estimates in the
financial statements are either reasonable
or misstated.
–

Obtain sufficient appropriate audit evidence
about whether the disclosures in the financial
statements related to accounting estimates and estimation uncertainty are reasonable.
–

Obtain written representations
from management and, where appropriate, those charged with
governance whether they believe significant assumptions used in making accounting estimates are
reasonable.


Procedures
during the inventory count

–

Observe
the counting teams of Lily to confirm whether the inventory
count instructions
are being
followed correctly.
–
observe
the procedures for identifying and
segregating

damaged goods
are operating correctly.
–

Observe
the procedures for movements of inventory during the count, to confirm that no raw materials
or finished goods have been
omitted
or
counted

twice
.
–
Select a
sample
and perform test counts from inventory sheets to warehouse aisle and from
warehouse aisle to inventory sheets.
–
Select a
sample
of
damaged items
as noted on the inventory sheets and inspect these windows to
confirm whether the level of damage is correctly noted.
–
Obtain a photocopy of the completed sequentially numbered inventory sheets for follow up testing on
the final audit.
–
Discuss with the warehouse manager how he has estimated the raw materials quantities. To the extent
that it is possible, re-perform the procedures adopted by the warehouse manager.
–
Identify and record any inventory held fo
r third parties
(if any) and confirm that it is excluded from the
count.

Audit procedures using
CAATS
The audit team can use audit software to
calculate

inventory

days
for the year-to-date to
compare

against the
prior

year
to identify whether inventory is turning over slower, as this may be an indication
that it is overvalued.
Audit software can be utilised to produce an
aged

inventory

analysis
to identify any slow moving goods,
which may require write down or an allowance.
Cast the inventory listing to confirm the completeness and accuracy of inventory.
Audit software can be used to
select
a
representative

sample
of items for testing to confirm net
realisable value and/or cost.
Audit software can be utilised to
recalculate

cost
and
net

realisable
value for a sample of inventory.
CAATs can be used to
verify

cut
-
off
by testing whether the
dates
of the last
GRNs
and
GDNs
recorded
relate to pre year end; and that any with a date of 1 January 2013 onwards have been excluded from the
inventory records.
CAATs can be used to confirm
whether
any
inventory

adjustments
noted during the count have been
correctly
updated
into final inventory records.



Procedures the auditor should adopt in respect of auditing this
accrual
include:
–

Agree
the year-end income tax
payable

accrual
to the
payroll

records
to confirm
accuracy
.
–
Agree the
subsequent

payment
to the post year-end
cash
book and
bank

statements
to confirm
completeness.
–
Recalculation
of the accrual to confirm
accuracy
.
–
Review any disclosures made of the income tax accrual and assess whether these are in
compliance
with accounting standards and legislation.


Audit procedures for
continuous (perpetual) inventory counts
–
The audit team should
attend
at least one of the c
ontinuous (perpetual) inventory counts t
o review
whether the controls over the inventory count are adequate.
–
C
onsider attending the inventory count at the year end
to undertake test counts of inventory from
records to floor and from floor to records in order to confirm the
existence and completeness of
inventory.
–
Review the adjustments made to the inventory records on a monthly basis to gain an understanding of
the level of differences arising on a month by
month basis.

–
If
significant differences
consistently arise, this could indicate that the inventory records are not
adequately maintained. D
iscuss with manageme
nt how they will ensure that year-end inventory will not
be under or overstated.


Procedures to undertake in relation to
the uncorrected misstatement
–
The
extent of the potential misstatement
should be considered and therefore a large sample of
inventory items should be tested to identify the possible size of the misstatement.
–
The potential misstatement should be d
iscussed with Clarinet Co’s management
in order to
understand why these inventory differences are occurring.
–
The misstatement should be
compared to materiality
to assess if the error is
materia
l individually.
–
If not, then it should be added to other errors noted during the audit to assess if in
aggregate
the
uncorrected errors are now
material.
–
If material, the auditors
should ask the directors to adjust the inventory balances
to correct the
misstatements identified in the 2014 year end.
–
Request a
written

representation
from the directors about the uncorrected misstatements including
the inventory errors.
–
Consider the
implication for the audit report
if the inventory errors are material and the
directors

r
efuses to make adjustments.


Receivables circularisation

–
procedures

步骤

–
Obtain a
list of receivables balances
, cast this and agree it to the receivables control account total at
the end of the
year.
Ageing of receivables
may also be verified at this time.
–

Determine an appropriate sampling method
(cumulative monetary amount, value- weighted
selection, random, etc.)