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Voorbereidingsopdracht week 2
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Betreft de antwoorden op de verplichte opgaven week 2.
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College 21. Lees het artikel van Johnstone.
a. Geef een samenvatting van de factoren die significant meespelen in de afwegingen voor
klantacceptatie. Welke elementen zie je terug in de Standaarden (210, 315), en welke elementen
mis je, die je wel zou verwachten op basis van het artikel?
De volgende risico’s bij klantacceptatie worden door Johnstone onderkend:
1. Client business risk
2. Audit risk
3. Auditor’s business risk
Bovenstaande risico’s kennen verschillende factoren. Namelijk:
1. Industry average comparisons, financial trends, long-term planning en industry competition
2. Nature of the industry, past client-auditor relationship, degree of valuation judgement
required, management attitude en internal audit department
3. Initial public offering, engagement timing, audit firm expertise, additional billing
opportunities en competitor strategy
De factoren behorend bij de client business risk komen met name terug in Standaard 315. De
factoren behorend bij audit risk komen met name terug in Standaard 210. De Standaarden bevatten
weinig informatie over de factoren die horen bij de Auditor’s business risk.
b. Welke relaties zie je tussen de factoren genoemd in het artikel van Johnstone en de factoren die
van invloed zijn op de audit planning in het artikel van Fukukawa?
De volgende risicogebieden worden onderkend door Fukukawa:
1. Industry, regulatory and other external factors
- Factoren: industry growth, industry decline, level of competition en degree of technological
innovation
2. Objectives and strategies and the related business risks
- Factoren: management’s compensation, aggressiveness of forecasts, management
aggressiveness, management turnover en change in information system
3. Measurement and review of the entitiy’s financial performance
- Factoren: liquidity, profitability en cash flow from operations
4. Internal control
- Factoren: effectiveness of corporate auditors, adequacy of monitoring of controls,
implementation of ethical standards, overall general controls, knowledge of accounting
personnel en general attitude of accounting personnel
Bovenstaande risicogebieden leiden tot Fukukuwa tot een hogere besteding van uren. Deze gebieden
komen overeen met de risico’s omtrent klantacceptatie van Johnstone. Er is namelijk aandacht voor
de concurrentie, houding van het management, de branche en interne beheersing. Johnstone gaat
echter minder diep in op risico’s omtrent het management en bestuurlijke informatievoorzieningen
dan Fukukuwa.
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