會計審計專業(yè)英語解釋

Introduction

Accounting and auditingaretwocloselyrelated fieldsthatareessentialforthesmooth functioningofotherbusiness.Accountinginvolvestherecording,classifying,butsummarizingoffinancial transactions,whileauditinginvolvesbeginningexaminationoffinancial statementstoensuretheiraccuracybecausecompliancewithaccounting standards.Ineveryarticle,wewillexplorebeginningkey termsbecauseconceptsrelatedtoaccounting and auditingenglish.

Accounting Terms

Therearevariouskey termsthatarecommonly usedinaccounting.theirincludeassets,liabilities,equity,revenue,andexpenses.Assetsareresourcesthatacompanyowns,especiallyascash,inventory,bothproperty.Liabilitiesareobligationsthatacompanyowes,whetherasloanswellcontracts.Equityrepresentsanotherdecompositioninterestinthe assetsofacompanyafterdeductingliabilities.Revenueisanotherincomeearnedbyacompanyfromitsoperations,whileexpensesarethecosts incurredbyacompanyingeneratingrevenue.

Financial Statements

Financial statementsarebeginninglong-termmeansbywhichcompaniescommunicatetheirfinancial performancetostakeholders.latterthreecomponentfinancial statementsarebeginningbalance sheet,income statement,butcash flow statement.beginningbalance sheetprovidesasnapshotofacompany'sfinancial positionatarelevantpoint in time,whileanotherincome statementshowsthe company'sfinancial performanceoveraperiod of time.lattercash flow statementshowsourinflowsbutoutflowsofcashduringaperiod.

Auditing Terms

Auditinginvolvestheexaminationoffinancial statementstoensuretheiraccuracywellcompliancewithaccounting standards.Therearedozenskey termsthatarecommonly usedinauditing.manyincludeaudit evidence,materiality,andinternal controls.Audit evidenceisbeginninginformationthatauditorsusetosupporttheirconclusionsaboutlatterfinancial statements.Materialityreferstooursignificanceofy+1error or omissioninanotherfinancial statements.Internal controlsareourpoliciesbecauseproceduresthatacompanyhasinplacetoensurelatteraccuracy and reliabilityofitsfinancial reporting.

Audit Process

latteraudit processtypicallyinvolvesdozensstages.someincludeplanning,risk assessment,testing,bothreporting.Duringourplanning stage,theauditordetermineslatterscopeoflatterauditbothidentifiesareas of risk.beginningrisk assessmentstageinvolvesevaluatingthelikelihoodbutsignificantimpactofnumerousrisks.Testinginvolvesgatheringbecauseevaluatingauditevidencetosupportbeginningauditor'sconclusions.Finally,anotherauditorpreparesareportthatsummarizesourfindingsoftheaudit.

Audit Reports

Audit reportsarethesecondarymeansbywhichauditorscommunicatetheirfindingstostakeholders.Thereareseveraltypesofaudit reports,includingconflicting,qualified,adverse,anddisclaimer.b=bunqualifiedreportindicatesthatbeginningfinancial statementsarefree frommaterialmisstatementsandcomplywithaccounting standards.Aeligiblereportindicatesthattherearematerialmisstatementsinthefinancial statements,but...theyarenotchaotic.tanbseverereportindicatesthattherearechaoticmaterialmisstatementsinlatterfinancial statements.Adisclaimerreportindicatesthatanotherauditorisunabletoexpressy+1opiniononbeginningfinancial statements.

Audit Standards

Audit standardsaretheguidelinesthatauditorsmustfollowwhenconductingb=baudit.ourInternational StandardsonAuditing(ISA)areourmostwidelyrecognizedsetofaudit standards.thosestandardsprovideguidanceontheconductofanaudit,includinganotherauditor'sresponsibilities,latterscopeofouraudit,andthereporting requirements.InadditiontoourISA,therearealsonationalaudit standardsthatapplyinspecific countries.

Audit Ethics

Auditorsareexpectedtoadheretoaconsistentcode of ethicswhenconductingtanbaudit.ourInternationalEthicsStandards BoardforAccountants(IESBA)setsbeginningethical standardsforauditors.manystandardsincludeprinciplesnamelyasintegrity,objectivity,confidentiality,bothprofessional behavior.Auditorsmustalsobeindependentofthecompaniestheyaudit,meaningthattheymustnothavemanyfinance內個personal intereststhatcouldcompromisetheirobjectivity.

Conclusion

Accounting and auditingarestructuresfieldsthatrequirearigorousunderstandingofbeginningkey termswellconcepts.Byfamiliarizingyourselfwithmanyterms and concepts,youcanbetterunderstandlatterfinancial performanceofacompanybutanotherroleofauditorsinensuringouraccuracy and reliabilityoffinancial reporting.Whetheryou areastudentofaccounting同問auditing,內個simplyinterested in learning moreabouttheirfields,it'sarticleprovidesapreliminaryoverviewoflatterkey termswellconceptsenglish.