Mindmaps - Nhóm 8 - KiTCB

Tên MSSV
Lê Trần Diễm Xuân 050608200793

Cao Thị Mỹ Lệ 050609212001
Lương Thu Minh 050609210747
Lương Thị Phương Anh 050609212143
Nguyễn văn Duy 050608200280
Audit plan
AUDIT PROCESS Perform audit tests
Audit completion
Industry and external environment
A300
Audit contract Understanding client's Business operations and processes
A200
Management and governance
Measurement and performance
Method to obtain and understanding Narrative notes

internal control
Questionnaires
Flowchat
Control enviroment
Risk assessment
Risk assessment Five components of Coso Frames Control activities
Information and communication
Monitoring of control
Risk classification
Overall materiality = Benchmark x Percentage %
Overall materiality
Determination of materiality
Performance materiality 50% to 75% Materiality for the Financial Statements

50% to 75% materiality for the financial statements
Scope
Timing of the audit
Audit strategy The nature of the communications required
The nature, timing and extent of resources.
The nature,timing and extent of planned risk

Finalize assessment procedures
The nature,timing and extent of planned further

audit procedures at the assertion level
Audit plan
( more detailed than audit strategy)
Other planned audit procedures
Definition: Information used by th auditor in arriving at the conclusion on whichj the auditor's opinion is based
Evidence Attribute Sufficiency

Appropriataness
Accounting records
External confirmations
Classification Stock- take records
Caculation of auditors
Inspection
Observation
Audit procedures Inquiry
External confirmation
Recaculation
Reperformance
Analytical procedures
IC max Tests of controls ( TOC)
Audit evidence x Audit procedure
IC max-min TOC x TOD
IC min Test of details ( TOD)
Contingent liabilities
Going concern
Audit completing
Subsequent events
Overall review of Finance Statement
Audit report
Audit report
Audit opinion
consists of the actions, policies, and procedures
will form the basis on which the management decide the risks to be managed
the actions established by the policies and procedures
includes ongoing evaluations and a seperate evaluation
Business risk Inherent risk (=IR*CR)

Risks of material misstatement
Risk of fraud Audit risk Control risk
AR = IRxCRxDR
Financial reporting risks Detection risk
Auditor control this risk

5% to 10% EBT
1% to 2% total asset
preliminary assessment of financial statements
1% to 2% equity
0.5% to 1% revenue
The reliability of audit evidence is increased when it is

Orgin
Efectiveness of IC The reliability of internally generated audit evidence in
Sample size Documentary audit evidence, regardless of its format (p

Time Form of evidence
Reliatility Method of collection Audit evidence obtained directly by the auditor is more
Relevance
The measure of the quantity
Auditors must choose the suitable procedures for ensuring two

important factors of audit evidence
Tests of controls ( TOC)

C100
TOC x TOD
Test of details ( TOD)
Inquiry of management
Reviewing minutes of meeting
Reviewing legal expense account

Normal audit procedures Obtaining an understanding of any procedures
Special audit procedures Inquiring of management
Inspection of minutes
Reviewimg lastest FS
A. Title
report
B. Audit report Address
C. Introductory Paragraph
D. Management's Responsibility for the FS
E. Auditor's Responsibility
F.Auditor's Opinion
H. Signature and address of CPA firm
I. Date of the Auditor's Report
Unmodified opinion
Qualified opinion
opinion Modified opinion Adverse opinion
Disclaimer of opinion
Emphasis of matter paragraph

Emphasis of matter and other matter
Ohther matter paragraph

it evidence is increased when it is obtained from independent sources outside the entity.
rnally generated audit evidence increases when effective controls are in place for its preparation and maintenance by the entity.
vidence, regardless of its format (paper, electronic, or other), is more reliable than oral evidence. Additionally, original documents offer greater reliability compared to photocopies
ned directly by the auditor is more reliable than audit evidence obtained indirectly or by inference.
er reliability compared to photocopies or facsimiles when providing audit .

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Tên MSSV

Lê Trần Diễm Xuân 050608200793

Measurement and performance

Method to obtain and understanding Narrative notes

Risk assessment Five components of Coso Frames Control activities

Information and communication

Performance materiality 50% to 75% Materiality for the Financial Statements

Timing of the audit

Audit strategy The nature of the communications required

The nature, timing and extent of resources.

The nature,timing and extent of planned risk

The nature,timing and extent of planned further

Evidence Attribute Sufficiency

Classification Stock- take records

Audit procedures Inquiry

IC min Test of details ( TOD)

Overall review of Finance Statement

the actions established by the policies and procedures

includes ongoing evaluations and a seperate evaluation

Business risk Inherent risk (=IR*CR)

Auditor control this risk

The reliability of audit evidence is increased when it is

Efectiveness of IC The reliability of internally generated audit evidence in

Sample size Documentary audit evidence, regardless of its format (p

Auditors must choose the suitable procedures for ensuring two

Tests of controls ( TOC)

Test of details ( TOD)

Reviewing minutes of meeting

Reviewing legal expense account

Special audit procedures Inquiring of management

D. Management's Responsibility for the FS

H. Signature and address of CPA firm

I. Date of the Auditor's Report

Emphasis of matter paragraph

Ohther matter paragraph

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