I. Audit preparation stage
1. Accept the entrustment and determine the audit project.
2. Set up an audit team
3. Understand and investigate the audited entity.
4, determine the focus of the audit work, audit work plan.
5, the preparation of audit notice, audited units.
6. Issue an audit notice.
Second, the audit implementation stage
1. Implement financial audit procedures for relevant accounting materials (including electronic documents) provided by the audited entity.
2, sort out and summarize the problems found in the process of audit implementation and related situation.
3. The audit team reports the problems found in the audit process and relevant information, and determines the problems that need further verification.
4. Implement relevant additional audit procedures.
Third, the audit report stage.
1. The audit team collects audit working papers and prepares the first draft of the audit report.
2, the audit team according to the audit requirements, modify the audit report.
3. The audit team reports the exposure draft of the audit report and finalizes it.
4. Solicit the opinions of the audited entity from the draft of the audit report for comments.
5. Issue a formal audit report.
Fourth, the final stage of the audit report.
The audit team filed the audit files.
Audit report process 2:
The first step is to prepare the audit variance adjustment table. Including: adjustment entry summary table, reclassification entry summary table, unadjusted nonconformity summary table, etc.
The second step is the judgment and application of the importance level, which mainly compares the unadjusted nonconformity summary of the audited entity with the importance level at the level of accounting statements or account balance, so as to determine the influence degree of unadjusted nonconformity on accounting statements.
The third step is to resolve important differences. After confirming the audit differences, certified public accountants should generally communicate with the audited units and suggest them to make corresponding adjustments. If the audited entity refuses to adjust these major differences, the certified public accountant must consider changing the audit opinions and how to reflect these opinions in the audit report.
The fourth step is to make an audit summary. A certified public accountant shall summarize the relevant audit matters, prepare an audit completion form, make a clear evaluation and explanation on the implementation of the audit plan and whether the audit objectives are realized, and write it into the audit summary. Usually, the audit summary document should include an overview of the audit, the main problems and situations found in the audit, opinions and suggestions, audit conclusions, etc. Audit summary is an important audit working paper, which is a comprehensive refinement of all kinds of information in audit work. Certified public accountants should carefully review the audit summary and keep it properly.
The fifth step is to prepare the trial balance.
The sixth step is to require the audited entity to adjust the accounting statements and review the accounting statements and their notes. Among them, the notes to accounting statements include company introduction, accounting policies, notes to statements, and analysis and disclosure of important matters. When a certified public accountant prepares accounting statements and notes on his behalf, he should not confuse the notes with the matters that should be disclosed in the audit report, that is, he should not disclose those matters that should be disclosed in the audit report because the certified public accountant, rather than the audited entity, prepares the notes to the statements.
The seventh step is to determine the audit opinion. According to the analysis and evaluation results and importance of all kinds of audit evidence obtained, certified public accountants determine which audit opinions should be published in the audit report.
Step 8: Draft the audit report.
Step 9: Review the audit working papers. Here mainly refers to the key review and comprehensive review. If there is any omission in the audit, it should be returned to the audit implementation stage for supplementary audit. If problems are found to be improperly handled during the audit, we should return to the step of compiling the audit variance table and make appropriate amendments to the incorrect handling opinions.
Step 10, issue an audit report. After examination and confirmation, the CPA will send the draft audit report (or draft for comments) to the audited entity for management *, and then formally issue it and issue the audit report after confirmation.