沖刺直播2016-9f89月考前串講

F8AuditandAronWhatisExternalauditsprovideExternalauditsprovideassurancetoshareholdersthatthefinancialstatementsareprepared,inallmaterialrespects,inaccordancewithanapplicablefinancialreportingframework.SubstantiveSubstantiveSaleCash&RiskInternalRiskInternal

CorporateRisk-basedRisk-basedapproachto?ysetheriskin’sbusiness,transactionsandsystemsthatcouldleadtomaterialDirecttheirtestingto審計(jì)單

鑒證業(yè)務(wù)（建立契約Assurance風(fēng)險(xiǎn)評(píng)RiskAudit

被審計(jì)單現(xiàn)現(xiàn)金系商業(yè)環(huán)企業(yè)特控制測(cè)內(nèi)部控Testof收入/應(yīng)收賬支出/應(yīng)付賬財(cái)務(wù)報(bào)表重大項(xiàng)FinancialinallmateralrPartElementsofanassuranceAnassuranceengagementwillinvolve①ThreeseparateTheintendeduserwhois –Theresponsiblepartywhichistheorganisationresponsibleforpreparingthesubjectmattertobereviewed.(責(zé)任方—企業(yè))–Thepractitioner(i.e.anaccountantwhoistheprofessionalwhowillreviewthesubjectmatterandprovidetheassurance.(執(zhí)業(yè)者—審計(jì)師)Asecondelementisa②suitableSubjectmatter.Thesubjectmatteristhedatathattheresponsiblepartyhaspreparedandwhichrequiresverification.（F/S）③SuitableCriteriaarerequiredinanassuranceengagement.Thesubjectmatteristothecriteriainorderforittobeassessedandanopinion④SufficientappropriateEvidencehastobeobtainedbythepractitionerinordertogiverequiredlevelof⑤AnassuranceReportistheopinionthatisgivenbythepractitionertotheintendedandtheresponsible★★★可以便 為 intheFIVEelementsofanassuranceengagement.(5(a)Auditorsarefrequentlyrequiredtoprovideassuranceforarangeofnon-Listand intheelementsofanassuranceengagement.(5簡 方 ，這是一道送分題！(敲黑板yticalreviewandenquiryusedyticalreviewandenquiryusedAreviewengagementdifferstoanexternalauditinthattheproceduresundertakenarenotnearlyascomprehensiveLevelofExternal①Ahighbutnotabsolutelevelofassuranceisprovided,noauditorgive100%assurance,thisisknownas‘reasonable②Thereareinherentlimitationsofanauditwhichresultintheauditorforminganopiniononevidencethatispersuasiveratherthan③‘Inouropinion,thefinancialstatementspresentfairly,inallrespects,inaccordancewithInternationalFinancialReportingReview–Negative①Limited(negative)assuranceisamuchlowerlevelofassuranceobviouslylessrelianceshouldcedon②Reviewengagementsareundertakenasanalternativetoanaudit,involveapractitionerreviewingfinancialdata,suchassix-monthly③Inthiscasenegativeassuranceisgivenwherebythepractitionerconfirmsthatnothinghascometotheirattentionwhichindicatesthatthesubjectmattercontainsmaterialmisstatements.thosethoseinanaudit,withproceduressuchInInaddition,thepractitionerdoesnotneedtocomplywithISAsastheseonlyrelatetoexternalLevelsof(c)Pear’sfinancedirectorhasexpressedaninterestinApple&Coperformingotherreviewengagementsadditiontotheexternalaudit;however,heisunsurehowmuchassurancewouldbegainedviatheseengagementsandhowthisdifferstotheassuranceprovidedbyanexternalaudit.Identifyand inthelevelofassuranceprovidedbyanexternalauditandotherengagements.(3Sycamore’snewfinancedirectorhasreadaboutreviewengagementsandisinterestedinthepossibilityofMaple&Coundertakingtheseinthefuture.However,sheisunsurehowtheseengagementsdifferfromanexternalauditandhowmuchassurancewouldbegainedfromthistypeofengagement. inthepurposeofreviewengagementsandhowthesedifferfromexternalaudits;(2Describethelevelofassuranceprovidedbyexternalauditsandreview(2Part管理層認(rèn)定Transactions&&RelatedAccount&Relatedpleteness正pleteness(正2.Occurrence反3.Accuracy實(shí)4.Rights&5.6.Assertionaboutclassesoftransactionsfortheperiodunder完整Alltransactionsandeventsthatshouldhavebeenrecordedhavebeen發(fā)Transactionsandeventsthathavebeenrecordedhaveoccurredpertaintothe準(zhǔn)確Amountsandotherdatarelatingtorecordedtransactionsandeventshavebeenrecordedappropriay.分TransactionsandeventshavebeenrecordedintheproperCut-截止TransactionsandeventshavebeenrecordedinthecorrectRelated相關(guān)披 yordisaggregatedandareclearlydescribed,andrelateddisclosuresarerelevantandunderstandableinthecontextoftherequirementsoftheapplicablefinancialreportingframework.Assertionaboutaccountbalancesattheperiod-完整Allassets,liabilitiesandequityintereststhatshouldhavebeenhavebeen存在Assets,liabilities,andequityinterests計(jì)Assets,liabilities,andequityinterestsareincludedinthefinancialstatementsatappropriateamountsTheentityholdsorcontrolstherightstoassets,andliabilitiesaretheobligationsoftheentity.相關(guān)披Presentation：Assets,liabilitiesandequityinterestsareyaggregatedordisaggregatedandclearlydescribed,andrelateddisclosuresarerelevantandunderstandableinthecontextoftherequirementsoftheapplicablefinancialreportingframework.2015年6月Identifyand inFOURfinancialstatementassertionsrelevanttoclassestransactionsandeventsfortheyearunderaudit;Foreachidentifiedassertion,describeasubstantiveprocedurerelevanttotheof2012年6月Identifyand inFOURfinancialstatementassertionsrelevantaccountbalancesattheyearend; 帶Foreachidentifiedassertiondescribeasubstantiveprocedurerelevantto 帶auditofyear-end 學(xué)AuditAuditrisk(AR)=Inherentrisk(IR)×Controlrisk(CR)×DetectionRiskassessmentRiskassessment------IdentifyriskofmaterialmisstatementBasedontheassessedrisk-----DesignfurtherauditObtainsufficientandappropriateaudit Supportauditysetheriskin ’sbusiness,transactionsandsystemsthatcouldtomaterialDirecttheirtestingtoriskyareas.(導(dǎo)向AuditAuditAuditriskisthe'riskthattheauditorexpressesaninappropriateauditopinionwhenthefinancialstatementsTheauditorshallobtainsufficientappropriateauditevidencetoreduceauditrisktoanacceptablylowlevel.Itismadeupof3componentparts,inherentrisk,controlriskanddetectionrisk①IR：Thisisthesusceptibilityofanassertiontoamisstatementthatcouldbematerial,eitherindividuallywhenaggregatedwithothermisstatements,assumingthattherewerenorelatedinternal②CR：Theriskthatamisstatementthatcouldoccurinanassertionaboutaclassoftransaction,accountbalanceordisclosureandthatcouldbematerial,eitherindividuallyorwhenaggregatedwithothermisstatements,willnotbeprevented,ordetectedandcorrected,onatimelybasisbytheentity’sinternalcontrol.③DR：Theriskthattheproceduresperformedbytheauditortoreduceauditrisktoanacceptablylowlevelwillnotdetectamisstatementthatexistsandthatcouldbematerial,eitherindividuallyorwhenaggregatedwithothermisstatements.AuditRisk本身產(chǎn)生風(fēng)險(xiǎn)可能 InherentAudit

客

內(nèi)控失 Control誤的可能審計(jì)人員查不審計(jì) 的可能

InherentriskisaffectedbythenatureofanentityandfactorswhichcanresultinanincreaseChangesintheindustryitoperatesDeveloorofferingnewproductsorservices,ormovingintonewlinesofExpandingintonewApplicationofnewaccountingAccountingmeasurementsthatinvolvecomplexprocesses.(EplexThefollowingfactorscanresultinanincreaseincontrolLackofnelwithappropriateaccountingandfinancialreportingChangesin nelincludingdepartureofkeyDeficienciesininternalcontrol,especiallythosenotaddressedbyChangesintheinformationtechnology(IT)InstallationofsignificantnewITsystemsrelatedtofinancialDetectionriskisaffectedbysamplingandnon-samplingriskandfactorscanresultinanInadequate neltotheengagementFailingtoapplyprofessionalInadequatesupervisionandreviewoftheauditworkHowtoreducedetectionriskOnewaytodecreasedetectionriskistoincreasesampleSamplingriskandnon-samplingriskarecomponentsofdetectionHowever,increasingsamplesizesandcarryingoutmoreworkisnottheonlywaytomanagedetectionrisk.Thisisbecausedetectionriskisafunctionoftheeffectivenessofanauditprocedureandofitsapplicationbytheauditor.Althoughincreasingsamplesizes ngmoreworkcanhelptoreducedetectionrisk,thefollowingcanalsoimprovetheeffectivenessandapplicationofproceduresandthereforehelptoreducedetection nningAssignmentofmore Increasedsupervisionandreviewoftheauditworkperformed【監(jiān)察復(fù)核Alltheabovereducethepossibilitythatanauditormightselectaninappropriateauditprocedure,anappropriateauditprocedureormisinterprettheauditProfessionalProfessionalProfessionalscepticismisanattitudethatincludesaquestioningmind,beingalerttoconditionswhichmayindicatepossiblemisstatementduetoerrororfraud,andacriticalassessmentofauditevidence.Professionaljudgementistheapplicationofrelevanttraining,knowledgeandexperienceinmakinginformeddecisionsaboutthecoursesofactionthatareappropriateinthecircumstancesoftheauditISA200statesthatauditors nandperformanauditwithanattitudeofprofessionalrecognisingthatcircumstancesmayexistthatcausethefinancialstatementstobemateriallyThisrequirestheauditortobealertAuditevidencethatcontradicts(不符otherauditevidenceInformationthatbringsintoquestionthereliability sandresponsestoenquiriestobeasauditConditionsthatmayindicatepossibleCircumstancesthatsuggesttheneedforauditproceduresinadditiontothoserequiredbyAuditriskvsBusinessriskItisimportantthatyoudonotconfusetheconceptsofauditriskandbusinessrisks.( Rememberthatauditriskisfocusedonthefinancialstatementsofa ,whereasbusinessriskisrelatedto asawhole一小一大Ifanexamquestionasksyoutoidentifyauditrisks,makesureyou intheminrelationthefinancialTheexaminingteamnotedthatinalltherecentexamsittingsanumberofcandidateslostmarksonanauditriskscenario-basedquestionbecausetheydidnotunderstandwhatauditriskrelatesto.Insteadtheyprovidedanswersconsideringbusinessrisks.0.50.5- %1- %Total5-10%Profitbefore記‘Misstatements,including‘Misstatements,includingomissions,areconsideredtobematerialifthey,individuallyorintheaggregate,couldreasonablybeexpectedtoinfluencetheeconomicdecisionsofuserstakenonthebasisofthefinancialstatements.’Inassessingthelevelofmaterialitythereareanumberofareasthatshouldbeconsidered.Firstlytheauditormustconsiderboththeamount(ty)andthenature(quality)ofanymisstatements,oracombinationofboth.Thetyofthemisstatementreferstotherelativesizeofitandthequalityreferstoanamountthatmightbelowinvaluebutduetoitsprominencecouldinfluencetheuser’sTheassessmentofwhatismaterialisultima yamatteroftheauditors’professionaljudgement,anditisaffectedbytheauditor’sperceptionofthefinancialinformationneedsofusersofthefinancialstatements.PerformancePerformancematerialityisnormallysetatalevellowerthanoverallmateriality.Itusedfortestingindividualtransactions,accountbalancesandTheaimofperformancematerialityistoreducetheriskthatthetotaloferrorsbalances,transactionsanddisclosuresdoesnotintotalexceedoverallAwardmarksforISA320definitionofperformancemateriality‘Performancematerialitymeanstheamountoramountssetbytheauditoratlessthanmaterialityforthefinancialstatementsasawholetoreducetoanappropria ylowleveltheprobabilitythattheaggregateofuncorrectedandundetectedmisstatementsexceedsmaterialityforthefinancialstatementsasawhole.Ifapplicable,performancematerialityalsoreferstotheamountoramountssetbytheauditoratlessthanthematerialitylevelorlevelsforparticularclassesoftransactions,accountbalancesordisclosures.’ intheconceptsofmaterialityandperformancematerialityinaccordancewithISA320Materialityin nningandPerforminganAudit.(5marks)ISA320Materialityin nningandPerforminganAuditprovidesguidanceontheconceptofmaterialityin nningandperforminganaudit.Definematerialityanddeterminehowthelevelofmaterialityis(5PartUnderstandingtheentityanditsTheauditorisrequiredtoobtainanunderstandingoftheentityanditsenvironmentinordertobeabletoassesstherisksofmaterialmisstatements.Theauditorshallperformriskassessmentprocedurestoprovideabasisfortheidentificationandassessmentofrisksofmaterialmisstatementatthefinancialstatementandassertionlevels. Enquiriesofmanagementandofotherswithintheentitywhointheauditor’sjudgementmayhaveinformationthatislikelytoassistinidentifyrisksofmaterialmisstatementduetofraudorerror.yticalproceduresObservationofprocess/specificInspection yticalprocedures01yticalproceduresconsistofevaluationsoffinancialinformation ysisusiblerelationshipsamongbothfinancialandnon-financial yticalproceduresalso passinvestigationofidentifiedfluctuationsorrelationshipsthatareinconsistentwithotherrelevantinformationorthatdifferfromexpectedvaluesbyasignificantamount. ComparisonofcomparableinformationtopriorperiodstoidentifyunusualchangesorComparisonofactualoranticipatedresultsoftheentitywithbudgetsorforecastorexpectationsoftheauditorinordertodeterminethepotentialaccuracyofthoseresults(預(yù)計(jì)Comparisontoindustryinformationeitherfortheindustryasawholeorbycomparisontoofsimilarsizeto todeterminewhetheregReceivabledaysarereasonable.(行業(yè)yticalprocedures02yticalproceduresareusedatallstagesoftheaudit,includingsubstantiveRiskassessment(atthebeginning):tohelptheauditorobtainanunderstandingoftheentityandassesstheriskofmaterialmisstatement.Auditprocedurescanbedirectedtothese‘risky’areas.Substantiveprocedures(duringthework):tohelpthedeterminetheriskofmaterialmisstatementattheassertionlevelOverallreview(attheend):tohelptheauditorformanoverallconclusionastowhetherF/Sasawholeareconsistentwiththeauditors’understandingoftheentity.

風(fēng)險(xiǎn)評(píng)導(dǎo)向風(fēng)確認(rèn)錯(cuò)收官之yticalprocedures03Identifyaspectsoftheentityofwhichtheauditorwasunaware.（了解AssistinassessingtherisksofmaterialmisstatementinordertoprovideabasisdesigningandimplementingresponsestotheassessedHelpidentifytheexistenceofunusualtransactionsorevents,andamounts,andtrendsthatmightindicatemattersthathaveauditTheunusualorunexpectedrelationshipsthatareidentifiedmayassisttheauditorinidentifyingrisksofmaterialmisstatement,especiallyrisksofmaterialmisstatementduetofraud.However,whensuch yticalproceduresusedataaggregatedatahighlevel,theresultsof yticalproceduresonlyprovideabroadinitialindicationaboutwhetheramaterialmisstatementmayexist. ReturnonCapital

ProfitbeforeinterestandtaxSharecapital+reserves+NCNetprofit

Asset Grossmargin

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TradeCredit

×365Tradepayablesdays

Credit

×365SourcesofSourceofInformationexpecttoPrioryearauditIdentificationofissuesthataroseintheprioryearauditandhowthesewereresolved.Alsowhetheranypointsbroughtforwardwerenotedforconsiderationforthisyear’saudit.PrioryearProvidesinformationinrelationtothesizeoftheentitywellasthekeyaccountingpoliciesanddisclosurePermanentauditProvidesinformationinrelationtomattersofimportanceforandtheauditteam,suchstatutorybooksinformationorimportantSourcesofSourceofInformationexpecttoProvidesinformationinrelationtoanyimportantissueswhichhavearisenorchangestotheduringtheRecentpressreleasesfromthe mayprovidebackgroundonchangestothebusinessduringtheyearasthiscouldleadtoadditionalauditrisks.FinancialstatementsThiswillprovideinformationabout competitors,inrelationtotheirfinancialresultsandtheiraccountingpolicies.Thiswillbeimportantin’sperformanceintheyearandalsoundertakingthegoingconcern n&Theoverallauditstrategysetsthescope,timinganddirectionoftheaudit,andguidesthedevelopmentofthemoredetailedaudit ExamplesofitemstoincludeintheoverallauditstrategycouldNumberoflocationstobe 'stimetableforreportingtoitsCommunicationbetweentheauditteamandTheaudit nconvertstheauditstrategyintoamoredetailed nandincludesthenature,timingandextentofauditprocedurestobeperformedbyengagementteammembersinordertoobtainsufficientappropriateauditevidencetoreduceauditrisktoanacceptablylowlevel.Examplesofitemsincludedinthe ncould nnedauditAllocationofworktoauditteamAuditproceduresforeachmajoraccountarea(eginventory,receivables,MaterialityforthefinancialstatementsasawholeandperformanceBenefits/Importanceof Audits nnedHelptheauditordevoteappropriateattentiontoimportantareasoftheHelptheauditoridentifyandresolvepotentialproblemsonatimelyHelptheauditorproperlyorganiseandmanagetheauditsoitisperformedinaneffectiveAssistintheselectionofappropriateteammembersandassignmentofworktoFacilitatethedirection,supervisionandreviewofAssistinco-ordinationofworkdonebyauditorsofcomponentsandPartComponentsofaninternalcontrolInternalInternalcontrolhasfiveThecontrolTheentity'sriskassessmentTheinformationsystemrelevanttofinancialControlMonitoringofLimitationsofinternalThecostsofcontrolnotoutweighingtheirThepotentialforhumanCollusionbetweenThepossibilityofcontrolsbeingbypassedoroverriddenbyControlsbeingdesignedtocopewithroutineandnotnon-routineComputer

counts–thenumber

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helpstoensurecompletenessandaccuracyofOneforonechecking–the senteredintothesystemaremanuallyagreedbackonebyonetotheoriginalpurchase s.Thishelpstoensurecompletenessandaccuracyofinput.Rangechecks–apre- umisinputintothesystemforvalue,forexample,$10,000; sareinputifthekeyedinisincorrectlyenteredasbeingabove$10,000,thesystemwillreject.ThishelpstoensureaccuracyofExistencechecks–thesystemissetupsothatcertainkeydatamustbeentered,suchas rname,otherwisethe isrejected.Thishelpstoensureaccuracyofinput.Obtaininganunderstandingofentity’sinternalTheauditorsmustkeeparecordof 'ssystemswhichmustbeupdatedeachThiscanbedonethroughtheuseofnarrativenotes,flowcharts,Thereareseveraltechniquesforrecordingtheassessmentofcontrolrisk;thatis,theOneormoreofthefollowingmaybeuseddependingonthecomplexityoftheNarrativeFlowInternalcontrolquestionnairesInternalcontrolevaluationquestionnairesObtaininganunderstandingoftheentity’sinternalThepurposeofnarrativenotesistodescribeandex inthesystem,atthesametimeasmakinganycommentsorcriticismswhichwillhelptodemonstrateanin ligentunderstandingoftheNarrativenotesconsistofawrittendescriptionofthesystemandtheywoulddetailwhatoccursinsystemateachFlowchartsFlowchartscantakemanyforms,butingeneralaregraphicillustrationsofthephysicalflowFlowlinesrepresentthesequencesofprocesses,andothersymbolsrepresenttheinputsandoutputstoaprocess.InternalControlQuestionnaires(ICQsareusedtoaskwhethercontrolsexistwhichmeetspecificcontrolobjectives.（存在）InternalControlEvaluationQuestionnaires(ICEQs)areusedtodeterminewhethertherecontrolswhichpreventordetectspecifiederrorsoromissions.（有效PartInspectagainstsaleInspectagainstsalePreparetheSaleBepre-printedsequentiallyCreditTermsofSaler’sstatement2.ReceivableledgecontrolAccordingtoS.OAccordingtoS.O&PreparetheBookAccordingtoP.OAccordingtoP.O&Purchase ty Bepre-printedsequentiallyBepre-printedsequentiallyRequisitionr’sstatementPayableledgecontrolrsConsiderPreparetheInspectgoodsreceivedInspectgoodsreceivedagainstBookFromrPayrollKeycontrolsoverpayrollationandauthorisationofstaffCalculationofwagesandPaymentofAuthorisationofToensurethatpaymentismadeonlytobonafideemployeesoftheToensurethatallpayrollcostsarerecordedforworkdonebyToensurethatallbenefitsanddeductions(tax,pensionetc)arecomputedToensurethatpayrolltransactionsarecorrectlyrecordedintheaccountingToensurethatpayrolltransactionsarerecordedinthecorrectaccountingToensurethatpayrolltransactionsareproperlyclassifiedinthefinancialTangiblenon-currentKeyKeyareaswhentestingtangiblenon-currentassetsConfirmationofInspectionofnon-currentAdequacyofdepreciationItemsofnon-currentassetsthatauditorsusuallyYoucouldbeaskedtodothefollowing,forDescribetheauditprocedurestoperformbefore,duringandafterattendingtheinventoryDescribetheauditprocedurestobeappliedinrespectofspecificfinancialstatementassertionstoinventory PS:Thefinancialstatementassertionsandtheirrelatedauditprocedurescouldalsoconstitutethesubjectmini-caseOTQsinSectionThevaluationanddisclosurerulesforinventoryarelaiddowninIAS2Inventories.Inventoryshouldbevaluedatthelowerofcostandnetrealisablevalue.CostisdefinedbyIAS2ascomprisingallcostsofpurchaseandothercostsincurredinbringingtoitspresentlocationandNetrealisablevalue(NRV)istheestimatedsellingpriceintheordinarycourseofbusiness,lessestimatedcostofcompletionandtheestimatedcostsnecessarytomaketheCoveringBoardofdirectorsXXCo15DogCatTownXCountryXXXXDearAuditofXXXCofortheyearendedXXXXPleasefindenclosedthereporttomanagementondeficienciesininternalcontrolsidentifiedduringtheauditfortheyearendedXXXX20XX.Theappendixtothisreportconsidersdeficienciesinthepurchasingandpaymentssystem,theimplicationsofthosedeficienciesand mendationstoaddressthosedeficiencies.PleasenotethatthisreportonlyaddressesthedeficienciesidentifiedduringtheauditandiffurthertestinghadbeenthenmoredeficienciesmayhavebeenThisreportissolelyfortheuseofmanagementandifyouhaveanyfurtherquestions,thenpleasedonothesitatetocontactus.YoursfaithfullyAnaudit

PartTherearetwotypesofauditTestsofTheseareprocedurestotesttheeffectivenessoftheentity’sinternalcontrolsinpreventingdetectingmaterialTheseareprocedurestodetectmaterialmisstatements.TherearetwoTestsofdetail(forexamplevouchingamountsback s,physicalinspectionofyticalprocedures(forexample ysisand Substantiveproceduresfor Comparetheoveralllevelofrevenueagainstprioryearsandbudgetandinvestigateanysignificant Obtainascheduleofsalesfortheyear,comparethistotheprioryearandforanyunusualmovementswith CalculatethegrossprofitmarginforXXandcomparethistotheprioryearandinvestigateanySelectasampleoftradecustomerorders cedonlineandagreethesetothedespatchnotesandsales throughtoinclusioninthesalesledgertoensurecompletenessofrevenue.Selectasampleof sfor customersandagreethesalespricesbacktothecontractedrates(合同價(jià)toensuretheaccuracy Selectasampleofsales sforlargercustomersandrecalculatethediscountsallowedtoensurethattheseareaccurate.Selectasampleofdespatchnotesbothpreandpostyearend;followthesethroughto sincorrectaccountingperiodtoensurethatcut-offhasbeencorrectlySelectasampleof andmakesurethe ’snamein (right&SPforCalculateaveragereceivabledaysandcomparethistoprioryear,investigateanysignificantPerformapositivetradereceivablescircularisationofarepresentativesampleof ’syear-endbalances,foranynon-replies,with ’spermission,sendareminderlettertofollowup.Inspecttheagedreceivablesreporttoidentifyanyslowmovingbalances,discussthesewiththecreditmanagertoassesswhetheranallowanceorwritedownisSelectasampleofyear-endreceivablebalancesandagreebacktovalidsupporting ationofGDNandsalesordertoensureexistence.Selectasampleofgoodsdespatchednotes(GDN)beforeandjustaftertheyearendandfollowthroughto toensuretheyarerecordedinthecorrectaccountingReviewcustomercorrespondenceforanyslowmoving/agedbalancestoassesswhetherthereare inReviewtheafterdatecashreceiptsandfollowthroughtopre-year-endreceivableReviewboardminutestoassesswhetherthereareanymaterialdisputedSPforTradeCalculatethetradepayabledaysforXXXandcomparetoprioryears,investigateanydifference,inparticularanydecreaseforthis rstatementsandreconcilethesetothepurchaseledgerbalances,andinvestigatereconcilingSelectasampleofpayablebalancesandperformatradepayables’circularisation,followupanynon-repliesandanyreconcilingitemsbetweenthebalanceconfirmedandthetradepayables’Selectasampleofgoodsreceivednotesbeforetheyearendandaftertheyearendandfollowthroughtoinclusioninthecorrectperiod’spayablesbalance,toensurecorrectcut-off.Reviewafterdatepayments,iftheyrelatetothecurrentyearthenfollowthroughtotheledgeroraccruallistingtoensureEnquireofmanagementtheirprocessforidentifyinggoodsreceivedbut dorloggedthepurchaseledgerandensurethatitisreasonabletoensurecompletenessofSPforComparethetotalpayrollexpensetotheprioryearandinvestigateanysignificantReviewmonthlypayrollcharges,comparethistotheprioryearandbudgetsanddiscusswithanysignificantRecalculatestatutorydeductionstoconfirmwhethercorrectdeductionsforthisyearhavebeenincludedwithinthepayrollexpense.Agreetheindividualwagesandsalariesperthepayrollto nelrecordsandrecordsofhoursperclockinginCastasampleofpayrollrecordstoconfirmcompletenessandaccuracyofthepayrollSelectasampleofjoinersandleavers,agreetheirstart/leavingdateto ation,thattheirfirst/lastpaypacketwas ycalculatedandForsalaries,agreethetotalnetpayperthepayrollrecordstothebanktransferlistingofpaymentsandtotheForwages,agreethetotalcashwithdrawnforwagepaymentsequatestotheweeklywagespaidplussurpluscashsubsequentlybankedtoconfirmcompletenessandInventorycountReviewworkingpapersforpreviousyeartoidentifyrisksandfamiliariseyourselfwiththeDeterminearrangementswithmanagementinDiscussaboutinventoriesheldby/forthird ’sinventorycountConsidertheneedforanObservethecountingteamstoconfirmwhethertheinventorycountinstructionsarebeingfollowedConfirmtheproceduresforidentifyingandsegregatingdamagedgoodsareoperatingIdentifyandrecordanyinventoryheldforthirdparties(ifany)andconfirmthatitisexcludedfromtheObtainaphotocopyofthecompletedsequentiallynumberedinventorysheetsforfollowuptestingonthefinalIdentifyandmakeanoteofthelastgoodsreceivednotes(GRNs)andgoodsdespatchednotes(GDNs)fortheyearendinordertoperformcut-offprocedures.TraceowntestcountitemsthroughtofinalinventoryInspectrepliesfromthirdFollowupcut-offInformmanagementofanyEnsurenecessaryadjustmentstobookinventorieshavebeenmade(whererecordsareSPforObtain ’sbankreconciliationandchecktheadditionstoensurearithmeticalObtainabankconfirmationletterfromXX’sbankersforallofitsVerifythereconciliation’sbalanceperthecashbooktotheyearendcashVerifythebalanceperthebankstatementtoanoriginalyearendbankstatementandalsototheTracealloftheoutstandinglodgementstothepreyear-endcashbook,postyear-endbankstatementandalsopaying-in-bookpreyearTraceallunpresentedchequesthroughtoapreyear-endcashbookandpostyear-endstatement.Forunusualamountsorsignificantdelaysobtain nationsfromExaminethebankconfirmationletterfordetailsofanysecurityprovidedbyXXasthismayrequireExamineanyoldunpresentedchequestoassessiftheyneedtobewrittenbackintothepurchaseledgerasarenolongervalidtobeReviewthecashbookandbankstatementsforanyunusualitemsorlargetransfersaroundtheyearend,asthiscouldbeevidenceofwindowdressing.Agreeallbalanceslistedonthebankconfirmationletterto ’sbankreconciliationsortrialtoensurecompletenessofbankStatementofBankBalanceBalanceper$XAdd:outstandingLess:unpresentedAdd:bankXXLess:bankBalancepercashXSPforDiscusswiththedirectorsastowhetherXXXtoconfirmthatapresentobligationexistsatyearReviewtheboardminutestoascertainwhetheritisprobablethatpaymentswillbeSendanenquirylettertothelawyerstoobtaintheirviewastotheprobabilityoftheclaimbeingRecalculatetheprovisiontoconfirmcompletenessandagreecomponentsofthecalculation ReviewthedisclosureoftheprovisiontoensurecompliancewithIAS37Provisions,LiabilitiesandContingentObtainawrittenrepresentationfrommanagementtoconfirmthecompletenessofthe萬能句ObtainalistingofXXandagreethetotalt