FINANCIAL AUDIT METHODOLOGY - World Bank Internet …财务审计方法-世界银行网络….ppt

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1、FINANCIALAUDITMETHODOLOGYPETERCARLILLUKNATIONALAUDITOFFICEROLEOFNAOToprovideindependentinformation,assuranceandadvicetoParliamentontheuseofpublicresourcesTohelppromotebetterfinancialmanagementandvalueformoneyOurroleBODIESAUDITEDC&AGaudits:600+financialstatementscovering£456billionRev

2、enueof£337billionAssetsworth£203billionLongtermliabilitiesof£37billionFINANCIALAUDITAuditOpinionsReportsonAccountsAdviceandguidancePERFORMANCEAUDITHowwellGovernmentpolicyisdeliveredInparticular:EconomyEfficiencyEffectivenessIMPACTSavingsofover£8every£1spentbytheNAO£1.4BILLIONsavedov

3、erthelastthreeyearsOver90PERCENTofPACrecommendationsacceptedWHYHAVEAMETHODOLOGY?EnsuresAuditingStandardsareappliedEnsuresconsistencyacrosstheNAO(600+accounts)Helpsachieveaquantifiablelevelofassurance(95%confidencelevel)UNDERSTANDINGTHEBUSINESSAUDITINGSTANDARDInperforminganauditoffina

4、ncialstatements,theauditorshouldhaveorobtainaknowledgeofthebusinesssufficienttoenabletheauditortoidentifyandunderstandtheevents,transactionsandpracticesthat,intheauditor’s’judgement,mayhaveasignificanteffectonthefinancialstatements.UNDERSTANDINGTHEBUSINESSTHREEAREASTOCONSIDER:Ministr

5、y’sexternalenvironmentLegislativeframeworkOverallcontrolenvironmentwithintheMinistryUNDERSTANDINGTHEBUSINESSAUDITINGSTANDARDTheauditorshouldapplyanalyticalproceduresattheplanningstagetoassistinunderstandingthebusinessandinidentifyingareasofpotentialrisk.MATERIALITYAUDITINGSTANDARDMat

6、erialityshouldbeconsideredbytheauditorwhen:a)determiningthenature,timingandextentofauditproceduresandb)evaluatingtheeffectofmisstatementsMATERIALITYAnauditneedstobeplannedandconductedsoastoprovidereasonableassurancethatthefinancialstatementsarefreefrommaterialmisstatement.Amatterisco

7、nsideredmaterialifitsomission,concealmentormisstatementcouldinfluencethedecisionsofusersofthefinancialstatementsthatweretakenonthebasisofthefinancialstatements.MATERIALITYUsuallyapercentage(0.5%-2%)of:GrossAssetsGrossExpenditureIncomeOr,ifapplicable:Profit(5-10%)MATERIALITYBUT:Someit

8、emscanbemate