会计专业英语Chapter.ppt

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1、Chapter14OtherAssuranceEngagementsandqualityControlFeatureTopicSkepticismAppliestoAllTypesofEngagements14.1OtherAssuranceEngagementsReviewandComplianceServicesManynon-publiccompanieshavetheirfinancialstatementsreviewedorcompliedbyaCPA,insteadofhavingthemaud

2、ited.ThestandardsforcompilationsandreviewsoffinancialstatementsarecalledStatementsonStandardsforAccountingandReviewServices(SSARS).Becausereviewserviceandcompilationservicesprovidelessassurancethanaudits,itisimportantthattheaccountantestablishanunderstandin

3、gwiththeclient,preferablyinawrittenengagementletter.AreviewserviceengagementisdesignedtoallowtheaccountanttoexpresslimitedassurancethatthefinancialstatementsareinaccordancewithGAAP.ReviewandComplianceServicesProceduresSuggestedforReviewsObtainknowledgeofthe

4、accountingprinciplesandpracticesoftheclient'sindustry.Obtainknowledgeoftheclient.Makeinquiriesofmanagement.Performanalyticalprocedures.Obtainlettersofrepresentation.RequirementsforCompilationInacompilationengagement,theaccountantmustdothefollowing:Possesskn

5、owledgeabouttheaccountingprinciplesandpracticesoftheclient’sindustry.Knowtheclient,thenatureoftheclient'sbusinesstransactions,accountingrecords,andemployees;andthebasis,form,andcontentofthefinancialstatements.Makerinquiriestodeterminewhethertheclient'sinfor

6、mationissatisfactoryReadthecompiledfinancialstatementsandbealertforanyobviousomissionsorerrorsinarithmeticandGAAP.ReviewofInterimFinancialInformationforPublicCompaniesTheobjectofaninterimreviewistoprovidetheaccountantwithabasisforreportingtomanagement,thebo

7、ardofdirectors,theshareholders,andothersonsignificantmattersfoundthroughinquiryandanalyticalprocedures.OtherAuditsorLimitedAssuranceEngagementsDebtComplianceLettersandSimilarReportsAttestationEngagements.TypesofattestationsEngagementsLevelsofAssuranceTheatt

8、estationstandardsdefinethreelevelsofengagementsandrelatedformsofconclusions:1.Examinations,reviews,andagree-uponprocedures.AnExaminationresultsinaconclusionthatsiinapositiveform.2.Inareview,thepractiti