Question

求助英语

GOOD AUDITING OFTEN RESULTS IN IMPROVED CASH FLOWS
Sandy Previtz is an experienced internal audit staff person with Erhardt Freight Company (EFC),a long-haul trucking company. EFC has been growing rapidly, adding customers and shipping agents daily, and volume exceeds several thousand shipments per day. To address the growing volume of freight bills and related receivables, EFC implemented a new state-of-the-art computerized information system.

Previtz was assigned to test the accuracy of the aging of the accounts receivable system and the adequacy of the allowance for doubtful accounts. She took an initial sample of 300 freight bills selected at random from a population of 20000 outstanding freight bills. She used the sample to project and aging and develop an estimate of the required allowance for doubtful accounts. Her tests indicated the allowance could be understated by as much as $1 million.

Previtz informed Martha Harris, the head of internal audit, of the situation. Harris informed the chief financial officer that as long as the tests indicated there could be a material misstatement, EFC must expand the sample until it was clear whether the allowance was materially misstated.

Previtz’s second sample increased the total sample to 600 items, with essentially the same results. However, at Harris’s request, she analyzed the items from both a management and an accounting standpoint. When Harris and Previtz met with the CFO to discuss the updated information, Harris pointed out that the real problem was not the allowance but that receivables were out of control and EFC faced a significant loss in cash flows if management didn’t do something about it. The CFO quickly agreed and responded by hiring a team of temporary workers to analyze the aging of all 20000 freight bills and to institute a large-scale collection effort. Not only did the analysis and collection efforts improve cash flows, it also showed that Previtz’s estimate was right on target.

The last chapter discussed several other and attestation services provided by external auditors. This chapter examines the activities of other types of auditors. As Sandy Previtz of Erhardt Freight Company demonstrates in the introductory vignette, internal auditors can have a sighnificant impact on a company’s operational efficiency and effectiveness, as well as on earnings and cash flow.
Internal and government auditors perform a significant amount of financial auditing similar to that done by CPA firms also do considerable financial auditing of governmental units. The concepts and methodologies discussed throughout this book apply to audits by internal and government auditors. We begin this chapter by examining the role of internal auditors in financial auditing.

Answer 1

良好的审计结果往往改善现金流动
沙地Previtz是一位经验丰富的内部审计工作人员的人， Erhardt货运公司（ EFC ） ，一个长途货运公司。 EFC一直快速增长，新增用户和航运代理每天，和数量超过几千每天的出货量。为了解决日益增加的运输票据及有关的应收款， EFC实施了一项新的国家最先进的计算机化的信息系统。

Previtz被分配到试验的准确性，时效的应收账款系统和是否有足够的备抵账户。她最初的300个样品运费账单随机抽样方式进行的人口20000悬而未决的运费帐单。她使用的样本项目和老化和发展的估计需要津贴的可疑帐户。她的试验表明，津贴可能被低估了多达100万美元。

Previtz通知玛莎哈里斯，负责内部审计的情况。哈里斯通知首席财政官，只要试验表明可能有重大错报， EFC必须扩大样本，直到很清楚是否津贴重大误报。

Previtz的第二个样本增加样本总数为600项目，基本上是相同的结果。然而，在哈里斯的请求，她分析了这两个项目的管理和会计的角度来看。当哈里斯和Previtz会见了首席财务官，讨论最新的资料，哈里斯指出，真正的问题是没有津贴，但应收款的控制和EFC面临着重大损失的现金流动，如果管理不做些事。首席财务官很快同意，并回答了雇用一队临时工分析老化的所有20000运费账单和建立一个大规模的收集工作。不仅收集分析和努力改善现金流动，但它也表明， Previtz的估计是正确的目标。

最后一章讨论了其他一些认证和提供服务的外部审计。本章考察活动的其他类型的审计。由于沙地Previtz的Erhardt货运公司表明在介绍小品文，内部审计可以有sighnificant影响公司的运作效率和效力，以及对收益和现金流。
内部审计和政府进行了大量的财务审计相似，所做的会计师事务所也大量财政审计的政府单位。的概念和方法在整个讨论这本书适用于由内部审计和政府审计。我们这一章开始通过审查的作用，内部审计在财务审计。