1. The work of the Audit Bureau is to collect and analyze audit data to evaluate the financial situation of enterprises, and then draw conclusions and reports according to the correlation between the data and recognized standards.
2. Review the operating procedures and methods of the organization to assess its efficiency and effectiveness; Performance audit (compliance audit); Evaluate whether the organization complies with the procedures, guidelines or regulations formulated by the superior departments.
3. Audit of financial statements: generally conducted by independent accountants to evaluate whether the financial statements of enterprises or groups are prepared in accordance with generally accepted accounting standards. Evaluate the security, integrity, system reliability and consistency of information systems in enterprises and institutions.
Two. The functions of the Audit Bureau:
1. Audit institutions refer to full-time institutions and personnel authorized or entrusted by the state. According to national laws and regulations, auditing standards and accounting theories, they use special methods to inspect and supervise the authenticity, correctness, compliance, legality and efficiency of the audited entity's finance, financial revenue and expenditure, business management activities and related materials, evaluate economic responsibilities, verify economic business, maintain financial discipline and improve business management.
2. Identification of economic activities and economic phenomena:
Economic activities and economic phenomena are the objects of audit, that is, the contents of audit. The identification of economic activities and economic phenomena represents the audited entity's views on the legal compliance or effectiveness of its economic activities and the truth and fairness of economic phenomena (such as accounting data).
3. Collecting and evaluating evidence:
Evidence is various forms of evidence used by auditors to determine the legal compliance or effectiveness of economic activities of audited units and the truth and fairness of economic phenomena. Collecting sufficient and powerful audit evidence is the core of audit work. In a sense, audit is a purposeful and planned process of collecting, identifying, synthesizing and utilizing audit evidence.
4. Maintain its objectivity:
Objectivity refers to impartiality and seeking truth from facts, which is the professional ethics requirement for auditors. Only by objectively collecting and evaluating evidence, making audit conclusions and reporting audit results can auditors achieve audit objectives and convince stakeholders of audit opinions.
5, for its audit standards:
The standards are the basis of audit, that is, the standards to judge whether the economic activities of the audited entity are legal and compliant, how economic benefits are, and whether economic phenomena are true and fair, such as laws, regulations and standards promulgated by the state, accounting standards formulated by professional institutions (such as the announcement of financial accounting standards issued by FASB), and various consumption quotas, plans and budgets formulated by enterprises.
6. Delivery of audit results:
Audit results are communicated to organizations and personnel who rely on and use audit opinions through the preparation of audit reports. Compiling the audit report is the last step of the audit work. The format of some audit reports is standardized, such as the annual accounting statement audit report; Some are non-standard, such as the special audit report of staff fraud. In some cases, auditors can even report the audit results orally and informally.
Third, for example
1, GE Company is one of the largest industrial companies in the United States and the largest electrical company in the world. The company has 12 categories of products and services, including household appliances, broadcasting equipment, aviation machinery, new technology product development and sales services.
2.GE conducts external audit conducted by the Audit Department every year, and its workflow is as follows:
(1) Before the audit begins, the audit team should know and study the situation.
(2) In the audit, the audit team has full authority over the whole audit work, and the activities such as holding investigation meetings, conducting individual conversations and collecting information are independently arranged by it. Then it is to analyze the situation, sort out the clues and measure the interaction between various problems. In order to achieve the audit goal, they can do anything they think necessary, with only one purpose: to find a solution to the problem.
(3) Even if a solution is found, things are far from over. Generally, the specific suggestions for implementing the plan are put forward by the audit team. They always turn the new plan into their daily work and will not stop until they are implemented, so that they can stick to it after they leave. In this process, the audit team has to deal with the leaders and business personnel of the audited department countless times.
(4) Audit institutions shall issue audit reports according to audit objectives and procedures.