nnのCPA試験の旅 in Hawaii CPA試験の旅 in Hawaii

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by nn_77
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タグ:IC-Integrated Framework ( 1 ) タグの人気記事

Too Late

  Today, I memorized the Report of Independent Registered Public Accounting Firm, which is produced in the process of an Integrated Audit (=F/S AUD + I/C AUD) under the standards of PCAOB, Public Company Accounting Oversight Board.
  It wasn’t so difficult since I have already memorized whole the standard report. The only differences from the standard report are:
(1) “GAAS” is replaced by “the standards of PCAOB” in the scope paragraph, and
(2) The following paragraph is added after the opinion paragraph.

“We also have audited, in accordance with the standards of PCAOB, the effectiveness of X company’s internal control over financial reporting as of December 31, 2006, based on the criteria established in Internal Control ― Integrated Framework issued by the Committee of Sponsoring Organizations of Treadway Commission and our report dated February 24, 2007, expressed an unqualified opinion thereon.”

  At first, I wasn’t sure if there’s anything good by remembering this report.

  But today I encountered such a question as this in GLEIM.

Q. The Committee of Sponsoring Organizations (COSO) of the Treadway Commission issued a document in 1992 that has been embraced by numerous organizations, including the AICPA and the GAO. That document is titled

A. Yellow book
B. Statements on Auditing Standards
C. Internal Control-Integrated Framework
D. Code of Professional Conduct

  The answer is “C” and I chose this because I memorized the Report of the independent registered public accounting firm. OK. Today I made one progress.

  But, now typing this article, I noticed that I could solve the problem just by using the elimination method, or shokyo-ho. Hahaha. Too late.

AU 560: Subsequent Events
BS dateからissuing dateまでの間の"頃は"(560)、何が起こるか分からんから、いろいろ確認しとかなあかんよ。
by nn_77 | 2006-07-08 15:29 | >AUD | Comments(10)