风险基础审计的最佳实践【外文翻译】

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1、外文翻译原文：Rísk-BasedAuditBestPracticesIMPLEMENTATIONISSUENO.1:EVALUATINGINTERNALCONTROLPreviousauditingstandardsallowedauditors,attheirdiscretion,tosimplydesignatetheclient'sinternalcontrolasahighrisk.whichallowedthemtogreatlyreducetheeffortrequiredtounderstanda

2、nddocumentinternalcontrol.Theriskassessmentstandardsprohibittheauditorfrom"defaultingtothemaximum"controlrisk.Onallauditstheauditorshouldevaluatethedesignandimplementationofinternalcontroltoproperlyidentifyandassessrisk.Implementingandapplyingthisstandardinpr

3、acticehasproventobeachallengeformanyfirms,whichhavedifficultylinkingtheirinternalcontrolworktothesubstantiveproceduresandotheraspectsoftheengagement,findingsufficientbenefittojustifytheincreasedauditcoststhatresultfromthestricterstandardanddetermininghowtoeva

4、luatetheeffectivenessofinternalcontroldesign.APPLICATIONSUGGESTION:FOLLOWTHECOSOPROCESSKarenKerber.ashareholderwithKerber,Rose&rAssociates,sumsupihefundamentaldilemmaherfirm'sauditorsface."Ourstaffstruggleswithunderstandinghowinternalcontrolisrelevant,"shesay

5、s."Theyneedtorelateittosomething."ThesecretisfortheauditortogainadeeperunderstandingoftenCOSOintegratedframeworkofinternalcontrol,accordingtoCharlesLandes,AICPAvicepresident-ProfessionalStandardsandServices."COSOaddressestheissuesfacedbyKarenandthestaffatmany

6、otherfirmsbecauseitrelatesinternalcontroltothefinancialstatements,"hesays.ToapplywhatLandesreferstoas"theCOSOprocess,"theauditorstartsatthehighestlevelofaggregation,thefinancialstatements.Theauditorthenproceedsthroughasequenceofanalysesthatbecomeincreasinglyg

7、ranularuntilbeorsheultimatelyassessesindividualcontrolactivities(seeExhibit1).UNDERSTANDINGTHECOSOPROCESSTheauditorstartswiththefinancialstatementsatthe“top”ofthediagramandworks“down”totheindividualcontrols.Thefirststepistoidentifythematerialaccountsandsignif

8、icantclassesoftransactionsandtherelevantassertionsrelatedtothoseaccounts.Riskofmaterialmisstatement—“whatcangowrong?”—istheflipsideoftheassertion.Forexample,the“whatcangowrong?”relatedlot