Audit Standards
GENERALLY ACCEPTED AUDITING STANDARDS(TIP SIE ACDEO)
★ The general standards
1. T raining
2. I ndependence
3. P erformance (Due Professional Care)… Critical Review
★ The standards of Field Work
4. S upervision…Planning
5. I nternal Control…内部統制
6. E vidence…証拠集め
★ The standards of Reporting
7. A ccounting is US GAAP
8. C onsistency…会計原則の一貫性
9. D isclosure…情報開示
10. E xpression of an O pinion…CPAの意見
UNQUALIFIED OPINION
INDEPENDENT AUDITOR’S REPORT
To the Board of Directors and
Stockholders of ABC Company
We have audited the accompanying balance sheet of ABC Company of (at) December 31, 200X, and the related statements of income, retained earnings, and cash flows for the year then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audit. (Introductory paragraph)
We conducted our audit in accordance with generally accepted auditing standards . Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe, that our audit provides a reasonable basis for our opinion. (Scope paragraph)
In our opinion, the financial statements referred to above present fairly , in all respects, the financial position of ABC Company of (at) December 31, 200X, and the results of its cash flows for the year then ended in conformity with generally accepted accounting principles. (Opinion paragraph)
Firm’s Signature & Report Date
ATTESTATION SERVICES
Attest Service include:
1. Audit
2. Review
3. Examination
4. Agreed-upon-procedures
ELEMENTS OF QUALITY CONTROL
(“AICPA” HAS QC)
★ A ssigning Personnel to Engagements (Engagements Performance)
・Work will be performed by those with adequate technical training and will meet professional standards and the firm’s standard of quality.
★ I ndependence, integrity, and objectivity
・Personnel have no conflicts of interests (in fact or appearance), are objective and perform all tasks with integrity.
★ C onsultation and Monitoring
・All the elements of quality control are adhered to and are being effectively applied.
★ P ersonnel Management
・Continuing professional education of all personnel is ongoing.
・All new personnel should be qualified to perform their work competently.
・Those advanced within the firm have adequate technical training for their new responsibilities.
★ A cceptance of Clients
・Only clients whose management have a reputation for integrity are accepted as new clients.
・The firm reaches an understanding with the client concerning the nature, scope and limitations of its services.
・The risks associated with, and its competence in, providing these services.
© Rakuten Group, Inc.
