How Do I Prepare for a Corporate Audit?

Explain in-depth explain the audit knowledge, well-known management experts build it with heart, understand it at a glance, and learn it will help companies to find a set of feasible audit methods and systems from the author's daily training practice for problems that may be encountered in the audit work and solutions Methods, give hands-on guidance, and spend the minimum effort to quickly adapt to the needs of audit positions. Refine the success and failure cases of internal audit practices.

47 tips for corporate internal audit

Explain in-depth explain the audit knowledge, well-known management experts build it with heart, understand it at a glance, and learn it will help companies to find a set of feasible audit methods and systems from the author's daily training practice for problems that may be encountered in the audit work and solutions Methods, give hands-on guidance, and spend the minimum effort to quickly adapt to the needs of audit positions. Refine the success and failure cases of internal audit practices.

Chapter 1 Basic Auditing Skills to Be Known by Financial and Accounting Staff 1: The Origin of Audit 3
Tip 2: Definition and category of audit 7
Tip 3: Auditing professional standards 12
Tip 4: Audit Methods and Procedures 16
Tip 5: Auditing business engagements 19
Tip 6: Audit evidence 22
Tip 7: Audit Work Draft 28
Tip 8: Audit Report Types 30
Chapter 2 Auditing Key Points of Sales Cycle Tip 9: Characteristics of Sales and Collection Cycles 39
Tip 10: Internal control test of sales and collection cycle44
Tip 11: Key Points for Auditing Operating Income 52
Tip 12: Key audit points for other business income 58
Tip 13: Key Points for Auditing Non-operating Income 63
Tip 14: Risk prevention for corporate income recognition 66
Tip 15: Audit key points for accounts receivable 69
Tip 16: Key Audit Points for Prepaid Accounts 72
Tip 17: Audit key points for bad debt preparation 77
Chapter 3 Auditing Key Points of the Purchase Cycle Tip 18: Characteristics of the Purchase and Payment Cycle 87
Tip 19: Internal control test of purchasing and payment cycle89
Tip 20: Key Audit Points for Accounts Payable 94
Tip 21: Key Audit Points for Bills Payable 101
Tip 22: Key Points for Auditing Fixed Assets 105
Technique 23: Existing Forms and Analysis of Mistakes in Fixed Asset Accounting 108
Chapter 4 Auditing Key Points of Production Inventory Tip 24: Characteristics of Production and Inventory Cycles 115
Tip 25: Internal control test of production and inventory cycle 117
Tip 26: Key audit points for production costs 130
Tip 27: Key audit points for manufacturing costs 136
Tip 28: Key Points of Inventory Audit 140
Tip 29: Focus in the inventory audit process 152
Chapter 5 Auditing Tips for Investment and Financing Tips 30: Characteristics of Investment and Financing Activities 161
Tip 31: Internal control test for fundraising activities 166
Tip 32: Internal Control Testing of Investment Activities 169
Tip 33: Substantive review of fundraising activities 173
Tip 34: Substantive review of investment activities 180
Chapter 6 Key Points of Auditing Monetary Funds 35: Internal Control Testing of Monetary Funds 191
Tip 36: Auditing key points for cash on hand 195
Tip 37: Key Points for Auditing Bank Deposits 202
Chapter 7 Auditing Key Points of Owner's Equity Tips 38: Auditing Key Points of Paid-in Capital 211
Tip 39: Key Points of Auditing Capital Reserves 220
Tip 40: Key Audit Points for Surplus Reserves 224
Tip 41: Auditing key points of profit distribution 229
Chapter 8 Auditing Key Points of Financial Statements Tip 42: Overview of Financial Statements 237
Tip 43: Key Points in Auditing Financial Statements 238
Tip 44: Contents of Financial Statements, Forms of Errors, and Prevention Tips 240
Chapter 9 Auditing Key Points for Special Projects 45: Auditing Key Points for Accounting Estimates 257
Tip 46: Related Party Audit Key Points 264
Tip 47: Audit Critical Points for Contingencies 270
References 277