نموذج 78

نموذج 78

نموذج للإمتحان الموحد مادة التربية الإسلامية للسادس إبتدائي نموذج 78.

فيديو نموذج 78



(3)           SAS 99 - must consider fraud or misappropriations in IR

Kuhlthau's work[13, 18] complements that of Ellis by attaching to stages of the 'information search process' the associated feelings, thoughts and actions, and the appropriate information tasks. This association of feelings, thoughts and actions clearly identify Kuhlthau's perspective as phenomenological, rather than cognitive. The stages of Kuhlthau's model are Initiation, Selection, Exploration, Formulation, Collection and Presentation. As an example, the Initiation phase of the process is said to be characterized by feelings of uncertainty, vague and general thoughts about the problem area, and is associated with seeking bac

Return to Dr. Felder's home page



مزيد من المعلومات حول نموذج 78

Audit Risk (AR): risk that auditor will opine (render an opinion) with an unqualified opinion when unknown to auditor, FS are materially misstated (ultimate risk)

Inherent Risk (IR): risk that errors (or misstatements or deviations) will occur," client‑controlled

Control Risk (CR): risk that client's internal control system will fail to prevent/ detect/correct errors ... client‑controlled

Detection Risk (DRI_ risk that auditor's procedures will fail to detect errors ... auditor‑controlled

Audit risk = inherent risk * control risk * detection risk

Audit risk: always set priority at a low level (.0 1, 05, 10)

Inherent risk: controlled by client ... function of type of business, degree of liquidity, complexity

Control risk: controlled by client ... relates to effectiveness of client's control system in preventing, detecting, and correcting errors.

Detection risk: controlled by auditor ... function of nature, timing, and extent of audit procedures applied ... allowable or acceptable

          (1)      Detection risk = audit risk / (inherent risk * control risk)

(2)     Detection risk low ... the more evidence you have to collect

(3)     Detection risk high ... the less evidence you have to collect

Audit Risk: risk that auditor issues unqualified opinion when statements are materially misstated, audit risk and detection risk exactly related.  IR/CR and detection risk inversely related.

(1)      existence or occurrence

(2)     completeness

(3)     rights and obligations

(4)     valuation

(5)     presentation and disclosure

*auditor's judgment about risks are based on assertions

*assertions translated to account balances, then create audit objectives and procedures

Inherent Risk Factors:

(1)      nature of activities (complexity)

(2)     regulatory nature

(3)     degree of estimates

(4)     competency and training of those reporting the financial statements

(5)     previous history with entity

(6)     preliminary analysis testing ( req'd by SAS in planning)…indicates areas where misstatements occur

AUDIT RISK MODEL   Audit Risk (AR): risk that auditor will opine (render an opinion) with an unqualified opinion when unknown to auditor, FS are materially misstated (ultimate risk)   Inherent Risk (IR): risk that errors (or misstatements or deviations) will occur," client‑controlled   Control Risk (CR): risk that client's internal control system will fail to prevent/ detect/correct errors ... client‑controlled   Detection Risk (DRI_ risk that auditor's procedures will fail to detect errors ... auditor‑controlled   AR IR * CR * OR   Audit risk = inherent risk * control risk * detection risk   Audit risk: always set priority at a low level (.0 1, 05, 10)   Inherent risk: controlled by client ... function of type of business, degree of liquidity, complexity   Control risk: controlled by client ... relates to effectiveness of client's control system in preventing, detecting, and correcting errors.   Detection risk: controlled by auditor ... function of nature, timing, and extent of audit procedures applied ... allowable or acceptable   Solution Set:           (1)      Detection risk = audit risk / (inherent risk * control risk) (2)     Detection risk low ... the more evidence you have to collect (3)     Detection risk high ... the less evidence you have to collect   Audit Risk: risk that auditor issues unqualified opinion when statements are materially misstated, audit risk and detection risk exactly related.  IR/CR and detection risk inversely related.   Mgmt Assertions: (1)      existence or occurrence (2)     completeness (3)     rights and obligations (4)     valuation (5)     presentation and disclosure *auditor's judgment about risks are based on assertions *assertions translated to account balances, then create audit objectives and procedures   Inherent Risk Factors: (1)      nature of activities (complexity) (2)     regulatory nature (3)     degree of estimates (4)     competency and training of those reporting the financial statements (5)     previous history with entity (6)     preliminary analysis testing ( req'd by SAS in planning)…indicates areas where misstatements occur  

Control Risk: SAS 78 requires auditor to document control risk assessment ... if controls are not working, control risk is assessed at maximum

Detection Risk: test of details and analytical procedures (ratios)... 1‑DR = confidence level... The detection risk cannot be lower than the audit risk (the highest of CR or IR):

(1)      If CR is moderate or low, test must be designed to prove it

(2)     IR - no implied tests, more efficient, doesn't require tests, simply document assessment

Inherent Risk Assessment:

(1)      IR for cash @ maximum level (not fraud, theft or misappropriations)… deal with error

(2)     What is the likelihood that client has goofed up enough transactions to materially misstate an account?

(3)           SAS 99 - must consider fraud or misappropriations in IR

Source: http://www4.semo.edu/gjohnson/notes/audit_risk_model.htm


نموذج 78نموذج 78

Leave a Replay

Submit Message