(Tiểu luận) internship report auditing of revenue at eastern auditing limited company

UNIVERSITY OF ECONOMICS AND LAW FACULTY OF ACCOUNTING AND AUDITING INTERNSHIP REPORT AUDITING OF REVENUE AT EASTERN AUDITING LIMITED COMPANY ADVISOR : Assoc Prof.PhD PHAN DUC DUNG STUDENT NAME : PHAN NGUYEN TUONG VY REGISTRATION NUMBER: K174050627 CLASS :K17405CA HO CHI MINH CITY c INTERNSHIP DIARY  General information Student full name : Phan Nguyen Tuong Vy Class: K17405CA Code : K174050627 Date of birth : 11/01/1999 Advisor in university : Assoc Prof.PhD Phan Duc Dung Internship place : Eastern Auditing Limited Company Address : 18 Dong Van Cong, Binh Trung Tay Ward, District 2, Ho Chi Minh City Internship department : Accounting and Auditing department Advisor in company :Nguyen Thi Hiep Internship position: Audit intern Internship time : From 7thDecember 2020 to 28th February 2021 Content of internship diary : Numerical order Week Internship content Students' assessment of the internship's results Week Join the training class: - Understanding of the internship (7/12/2020- - Introduce the program unit and working environment 13/12/2020) internship at EACL - Review professional knowledge - General regulations at work learned at school and applied to Join the training class: practical work General knowledge about financial accounting Join training class: - Auditing system at EALC c - Procedures for audit of salary and wages Week The collected data are the Find out the data source for the (14/12- main documents of the Report internship report writing process 20/12/2020) tested by EALC in 2020 to Performing tasks for the audit Familiarize yourself with the process (Prepare working environment and basic confirmation letters, scan jobs audit documents, ) Join training classes: Review professional knowledge - Operating Expense and about the audit practices learned Fixed Asset at the school and applied in Participating in training class: practice Auditing procedures for accounts receivable Join training class: Inventory procedure Join the training class: -Introduction and how to use Vivat software Week Write chapter 1: Company (21/12- overview and general 27/12/2020) information about the company EALC Refer to the internship's website, sources of general information, and business areas Collect research papers Find out the data source for the related to the topic, writing of Internship Report Summarize and submit the goals and results of previous c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company studies Inherit and refer to the results of those studies Week Accounting of invoice of Feliz Familiarize yourself with the 5(28/12- company(Checked and filled 3/1/2021) in Vivat ) accounting practices Join training class: Auditing of revenue Understand the audit process at Write the content of chapter 2: the intern Learn the audit process at EALC Collect and synthesize documents related to the process of audit revenue at company Auditing internship at ABC Familiarize yourself with the company: audit practices Performing the revenue Auditing internship at ABC company: Complete internship report Implementation of invoice and account receivable section Week Write the content of chapter 2: 6(4/1- Learn the audit process at 10/1/2021) EALC Auditing internship at XYZ Familiarize yourself with the company: audit practices Performing an audit of Revenue Auditing internship at XYZ:Perform in Revenue of Familiarize yourself with the financial statement audit practices c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company Week Write the content of chapter 2: Complete internship report (11/1- Obtain general information 17/1/2021) about XYZ Company and collect information related to audit revenue of company XYZ Audit internship at XYZ company: Perform revenue check Audit internship at XYZ company: Perform revenue of financial statement Auditing internship Complete internship report XYZcompany: Performing the sample of invoice to check the reality of transaction Week Write the content of chapter 2: Complete internship report 8(18/1- Obtain materiality indicators 22/2/2021 from the audit team leader Collect and identify revenue in 2020 Complete content of Chapter Complete internship report Write chapter 3: Comments and recommendations Auditing internship at DEF: Performing Revenue Auditing internship at DEF: c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company Performing Revenue of financial statement Week Synthesize and edit the entire 9(27/1- practice report format Complete internship report 2/2/2021) Auditing internship at GHI company Auditing internship at GHI Familiarize yourself with the company audit practices Week Audit internship at JQK 10(3/2- company 7/2/2021) Audit internship at JQK company 10 Week Audit internship at RST Familiarize yourself with the 11(17/2- company audit practices Audit internship at RST Familiarize yourself with the company audit practices 22/2/2021) 11 Week Accounting of 12(23/2- inventory(Checked and filled 28/2/2021 in Vivat) c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company NHẬN XÉT CỦA ĐƠN VỊ THỰC TẬP Họ tên SV thực tập: MSSV: Lớp: Trường Đại học Kinh tế - Luật Đã thực tập Phòng: Từ thời gian: từ ngày / /20 đến ngày / /20 Nhận xét chung: , ngày tháng năm Xác nhận đơn vị thực tập (Ký ghi rõ họ tên) Ghi chú: Có thể đóng dấu treo góc bên trái c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company Không đạt yêu cầu Chương mở đầu Giới thiệu doanh nghiệp Đạt yêu cầu Cần cải thiện Xuất sắc Nội dung chương mở đầu không đầy đủ, không xác định mục tiêu, đối tượng phạm vi đề tài – 0.2 Chương mở đầu gồm đầy đủ nội dung, xác định mục tiêu, đối tượng phạm vi đề tài Các góp ý GVHD đa số cải thiện Một số điểm trình bày chưa logic Chương mở đầu trình bày đầy đủ, mạch lạc Xác định rõ rang thuyết phục mục tiêu, đối tượng phạm vi đề tài 0.25 – 0.4 0.45 – 0.5 Giới thiệu doanh nghiệp không đầy đủ Giới thiệu doanh nghiệp đầy đủ, số nội dung cịn sơ sài trình bày khơng có chọn lọc Giới thiệu doanh nghiệp đầy đủ, thể am hiểu ngành nghề, lĩnh vực hoạt động cấu doanh nghiệp 0.45 – 0.5 – 0.2 0.25 – 0.4 Cơ sở lí thuyết Khơng trình bày vấn đề lý thuyết vấn đề nghiên cứu trình bày khơng có tổng hợp chọn lọc – 0.4 Trình bày sở lý thuyết có chọn lọc, phù hợp với đề tài nghiên Tuy nhiên, vài điểm chưa có kết nối tốt Cịn vài lỗi sai nội dung Trình bày sở lý thuyết có chọn lọc, phù hợp với đề tài nghiên cứu Có kết nối rõ ràng vấn đề trình bày Rất lỗi sai nội dung Trình bày đầy đủ vấn đề liên quan đến nội dung nghiên cứu Có tổng hợp, so sánh, phân tích hợp lý mang tính thuyết phục cao 0.5 - 0.6 0.7 - 0.8 0.9 – 1.0 Thực tế doanh nghiệp Chỉ chép giấy làm việc Khơng có quan sát, diễn giải người viết HOĂC Có trình bày thủ tục kiểm tốn, khơng đầy đủ logic Chưa có liên hệ mục tiêu kiểm toán, thủ tục thực kết thực thủ tục Khơng có giấy làm việc minh họa Trình bày tương đối đầy đủ thủ tục kiểm tốn, có liên hệ với mục tiêu kiểm tốn nội dung lý thuyết trình bày cịn thiếu logic vài điểm Khơng giải thích KTV thực hiện/ khơng thực thủ tục Khơng trình bày thủ tục kiểm toán thay trường hợp kết thủ tục khơng đạt mục tiêu kiểm tốn Một số giấy làm việc số liệu không minhhọa Nhiều số liệu trình bày thừa, thiếu chưakhớp Trình bày đầy đủ thủ tục kiểm tốn, có liên hệ với mục tiêu kiểm toán nội dung lý thuyết trình bày Có giải thích KTV thực hiện/ không thực thủ tục có trình bày thủ tục kiểm tốn thay trường hợp kết thủ tục không đạt mục tiêu kiểm tốn Tuy nhiên, cịn số điểm chưa logic; số nội dung chưa cải thiện hết theo u cầu GV mà khơng giải thích lído Giấy làm việc số liệu minh họa đầy đủ Một vài chỗ thừa, thiếu chưa khớp Trình bày đầy đủ thủ tục kiểm tốn, có liên hệ với mục tiêu kiểm tốn có kết nối với nội dung lý thuyết nêu Có giải thích KTV thực hiện/ khơng thực thủ tục có trình bày thủ tục kiểm toán thay trường hợp kết thủ tục khơng đạt mục tiêu kiểm tốn với hỗ trợ giảngviên Giấy làm việc số liệu minh họa đầy đủ, logic, phù hợp với nội dung trình bày – 0.8 – 1.2 1.4 – 1.6 1.8 – 2.0 Nhận xét, kiến nghị không liên quan đến vấn đề nghiên cứu HOẶC Nhận xét, kiến nghị chung chung, chưa cụ thể Chưa liên quan trực tiếp đến vấn đề nghiên cứu Nhận xét có liên quan đến vấn đề nghiên cứu có mang tính rập khn Phân tích, liên hệ số, chưa trọn vẹn vấn đề thực trạng với lý thuyết Kiến nghị chung chung, chưa thực Nhận xét có liên quan đến vấn đề nghiên cứu cụ thể Có kết nối, so sánh thực trạng diễn doanh nghiệp lý thuyết Một số kiến nghị gắn liền với vấn đề cụ thể Nhận xét mang tính phản biện, có kết nối so sánh thực tế lý thuyết cách logic, hoàn chỉnh Các kiến nghị xác thực gắn liền với vấn đề thực tế Tổng điểm /0.5 /0.5 /1.0 /2.0 Nhận xét, kiến nghị c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company Không đạt yêu cầu Đạt yêu cầu Cần cải thiện Xuất sắc Tổng điểm tế Tính sáng tạo Hình thức trình bày Kỹ thuyết trình Kỹ phản biện – 0.4 0.5 - 0.6 Nội dung đề tài trùng lắp vào chép từ nghiên cứu trước Vấn đề nghiên cứu lặp lại, có điểm vài điểm phương pháp nghiên cứu cách đề xuất giải vấn đề thiết thực, sáng tạo Có nhiều điểm vấn đề nghiên cứu, phạm vi, đối tượng nghiên cứu phương pháp nghiên cứu Cách đề xuất giải vấn đề thiết thực, sáng tạo – 0.4 0.5 - 0.6 0.9 – 1.0 Hình thức trình bày khơng phù hợp với yêu cầu chung Hình thức trình bày nhìn chung phù hợp Bố cục phù hợp Còn số lỗi tả, lỗi trình bày – 0.4 0.5 - 0.6 Nội dung slide khơng có chọn lọc logic từ nội dung viết Không thể tự tin, không giao tiếp mắt với khan giả Chỉ đọc nội dung thuyết trình từ slide tài liệu Nội dung slide có chọn lọc, phù hợp với nội dung trình bày Một vài điểm thiếu kết nối liền mạch Tương đối tự tin, đôi lúc giao tiếp mắt lúng túng diễn đạt ý Đơi lúc đọc nội dung thuyết trình Nội dung slide có chọn lọc, phù hợp với nội dung trình bày Có kết nối liền mạch toàn slide Thể tự tin, đôi lúc lúng túng diễn đạt ý Giữ giao tiếp mắt tốt Trình bày nội dung thuyết trình với lập luận tương đối chặt chẽ có ví dụ minh họa Nội dung slide có chọn lọc, phù hợp với nội dung trình bày Có kết nối dễ hiểu toàn slide Tự tin dẫn dắt buổi thuyết trình Giữ giao tiếp mắt tốt ngôn ngữ cử phù hợp Cách trình bày thuyết phục với lập luận chặt chẽ ví dụ minh họa chi tiết, sinh động – 0.6 0.75 - 0.9 1.0 - 1.2 1.35 – 1.5 0.7 - 0.8 0.9 – 1.0 Hình thức trình bày nhìn chung phù hợp Bố cục logic Rất lỗi tả, lỗi trình bày Hình thức trình bày phù hợp, khơng có lỗi tả lỗi trình bày Bố cục phù hợp, hài hòa phần 0.7 - 0.8 0.9 – 1.0 Không trả lời câu hỏi phản biện, Trả lời câu hỏi phản biện không bảo vệ ý tưởng trước câu chưa trọn vẹn, chưa thể hỏi phản biện cảu hội đồng am hiểu vấn đề nghiên cứu Trả lời câu hỏi phản biện Trả lời câu hỏi phản biện trọn vẹn, thể am trọn vẹn, thể am hiểu vấn đề nghiên cứu Tuy hiểu sâu vấn đề nghiên cứu nhiên, vài vấn đề cần gợi ý từ hội đồng S 1.0 - 1.2 0.75 - 0.9 /1.0 /1.0 /1.0 /1.5 1.35 – 1.5 /1.5 TỔNG /10 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company TABLE OF CONTENT INTERNSHIP DIARY .1 ABBREVIATIONS 11 ACKNOWLEDGEMENT 12 FIGURES 13 INTRODUCTION 14 SCOPE OF THE STUDY 14 CHAPTER : COMPANY OVERVIEW ABOUT EASTERN AUDITING LIMITED 1.1 General introduction about Eastern auditing limited company 1.2 Overview of business organization 1.3 Eastern auditing limited company’s performance : services , customers 1.4 Management organizational structure of Eastern auditing limited company : summary apparatus diagram , function of each departmental positions 1.5 Organisation of accounting and auditing department at Eastern auditing limited company CHAPTER : REAL SITUATION OF REVENUE AUDITING IN XYZ COMPANY BY EASTERN LIMTED AUDITING COMPANY 2.1 Overview about process of auditing of company 2.1.1 Pre-planning stage 2.1.1.1 Customer assess 2.1.1.2 Deal with customer 2.1.1.3 Signed auditing contract 2.1.2 Planning stage 2.1.3 Implementation stage of the audit 2.1.3.1 Test of control 2.1.3.2 Analytical procedure 2.1.3.3 Test of detail c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company needs as well as make sure sustainable development in the process of constructing and expanding business in the future  Training to enhanced levels and ethics in auditing: The company offers training programs, professional training classes for its employees Always update, disseminate new documents, regulations and policies to provide more knowledge for employees and assure that employees always comply with standards and principles of auditing practice Eastern auditing limited company’s performance 1.3  Auditing services : Process of auditing is carried out in accordance with guidelines of Vietnamese international standards on auditing and auditing standards These standards require the audit work to be planned and implemented to ensure assurance It is reasonable to assume that the financial statements no longer contain material misstatement Audit financial statements increase the reliability of financial statements information, thereby helping users to make appropriate decision to avoid possible risk During auditing process, the auditor directly or through management letter about limitations in the accounting system as well as the business management system, to help enterprises complete accounting system and auditing system  Financial information synthesis services : Financial information synthesis services is implemented in accordance with accounting law, Vietnamese accounting standards, accounting standards for general financial information, tax law and other legal documents Financial information synthesis services will have BOD prepare financial statement in accordance with the accounting system chosen by BOD Then the financial statement will reflect the financial situation in real business performance of the business, from that providing useful information to help the business management make decisions to grow the business and avoid future risks  Financial advisory services : Financial advisory services is base on assessing the financial situation of the business at the present time, considering the past and forecasting in the future Work also includes assessment of cashflow, analysis of indicators related to criteria such as asset, liability, capital…From there, there are solutions to overcome difficulties such as raising capital, changing financial structure…to optimize the financial situation of the business to businesses operate with the highest effiency The financial advisory process also includes the review of the effectiveness of existing investment project, thenceforth assessing whether project need to be adjusted, narrowed or transformed  Management consulting services : Management consulting services review and study the current management system of the business in order to detect the restriction, inefficiencies, inefficiencies in the use of existing human resources and resources of enterprises The business manager develops a project to establish a management system on the basis of improving or changing the old management system  Investment consulting services : Investment consulting services conduct new investment projects or expand investment with an enterprise after an operating process that 16 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company accumulated a human, financial, technological and experience resources or additional external resources Base on the actual situation of the enterprise, the market situation, the volatile situation of the world economy, the company will work with the enterprise’s BOD to find the best investment plan Once the investment plan has been identified, the company will together with the enterprise’s BOD to plan resources, predict earning, assess risk…To formulate investment projects from there During the construction investment process as well as putting the project into operation, there may be changes, adjustment or solving arising situations, then the company will be regular consultant of the business during project implement 1.4 Management organizational structure of Eastern audit limited company 1.4.1 Organizational apparatus in the company Board Of Director Auditing department Auditing department Accounting department Consulting department Marketing department Auditing department Figure 1-1 The organizational structure of company :  Board of director : Control all activities of company  Auditing department : The leader of this department is audit management Audit management is auditor, is responsible for creating an audit plan for each specific customer, accountable for the audit report period Under the audit management is the audit assistant will perform specific audit tasks  Accounting department : This department is responsible for recording and handling arising transactions and providing information to management, storing documents, customer records, archiving record, audit reports of the audited entities 17 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company  Consulting department : Head of this department is consult management, under is counselors are accountable for consulting for customer In the other hand, consulting department still disseminating new circulas and decrees for the whole company  Marketing department : Search for customers, provide information about the services of Eastern audit limited company, perform transactions and customer care 1.5 Organization of accounting, auditing department at Eastern auditing limited company 1.5.1 Organization of accounting department of company Figure 1-2 Chief accounting Treasurer Accounting liabilities Payroll accounting The duties of department : Chief accounting (as a general accountant) : The leader of accounting department, responsible for all activities of this department as general management and cover whole activities relate to financial, accounting, handle the entire financial situation of the company’s to advise director to make decision on corporate financial policies and plan Treasurer : Keep the cash fund and take full responsibility for any losses that occur Assure that the cash balance at the funds always match the balance on the book keeping account Perform simple transactions with the bank such as: withdraw money to the fund, pay the cash to the bank account, take the supplement book, pay taxes in to the state budget 18 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company Accounting liabilities : Keep track of customer’s debts for timely handling Payroll accounting : Organization to record, promptly and fully reflect the existing situation and fluctuations in the number and quality of employees, calculate accurately, promptly and correctly the policies and regimes on salaries and bonuses, allowances payable to employees 1.5.2 Organization of auditing department of company Chief auditing Audit leader team(auditor) Audit assistant Audit assistant Figure 1-3 The duties of department : Chief auditing : Responsible fo making audit plan for each specific customer, responsible for signing audit report 19 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company Audit leader team : Auditor are highly experienced auditors, often signed by management to oversee certain audit engagement, such as reviewing audit documentation, identifying necessary audit procedure, and discussion with clients Auditor : Who is assigned the responsibility of planning the audit, directly administering the audit and drafting audit reports for approval superior authorities Audit assistant : These assistant for auditor and often perform in detail content for the audit program CHAPTER : REAL SITUATION OF REVENUE AUDITING IN XYZ COMPANY BY EASTERN LIMTED AUDITING COMPANY 2.1 Overview about process of auditing of company Figure 1-4 Old customers Customer assess New customer Pre-planning stage Deal with customer Planning stage Signed auditing contract Learn internal control systems An audit process of a company's financial statements Test of control Preliminary assessment of audit risk Implementattion stage of audit Analytical procedure Design and conduct test of control Synthesis,Report Test of detail 20 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company 2.1.1 Pre-planning stage 2.1.1.1 Customer assess The auditor's process of approaching customers to obtain information needed to understand their needs, assess service availability and other matters such as audit time, audit fees,etc…  Old customer: The Company typically contacts former clients and asks clients to sign audit contracts for the current year, at the same time the auditor updates the information to evaluate existing customers, then reviews whether Auditing in the next quarter / year, thereby giving the auditor the flexibility to change the audit plan or program accordingly  New customer: Upon receipt of the client's call or invitation to audit, the reason for the audit invitation and meticulous communication of customer specific requirements, a preliminary assessment of the complexity of the business, the contracting agreement coaudit The auditor should consider the risk, complexity and responsiveness of the work when accepting a contract This gives the auditor more grounds for accepting new clients and whether or not to perform the transaction After a general understanding of customer activities, the team leader will present the survey report to the director to review the audit decision or not 2.1.1.2 Deal with customer When seeing that an invitation to an audit can be accepted, the accountant will discuss and agree with the client on some of the following: Purpose and scope of auditing Estimate time for contract performance Provide accounting documents and facilities necessary for audits Send a quote letter to the client and negotiate an audit fee 2.1.1.3 Signed auditing contract If the director reviews and approves the audit, the accounting department sends a quotation to the customer If the customer does not agree, the company will exchange more, together negotiate to bring the best quality of service to come to the customer General agreement, creating the basis for the signing of the audit contract This contract was drafted by the company in accordance with Vietnamese Accounting Standards 2.1.2 Planning stage The stage of collecting information about business performance characteristics, internal control, determining materiality, risk assessment, to prepare detailed audit plans and audit programs 21 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company Regarding the client company's internal control system: the auditor observes and interviews, records a summary of the information received, these information support the auditor's evaluation and recorded in the audit file 2.1.3 Implementation stage of the audit Before conducting the audit, the auditor requires the audited entity to prepare the necessary documents and steps to audit the following:  Audit of Cash  Audit of Account Receivable  Audit of Inventory and Prime cost  Audit of Fixed asset and Depreciation  Audit of Account Payable  Audit of Equity  Audit of Revenue, Net Income 2.1.3.1 Test of control  About the internal control system Auditors often use questionnaires to consider whether audit procedures are designed and implemented The questionnaire is designed in the form of yes / no If yes, it shows an effective internal control system, otherwise it shows the weaknesses of the internal control system With Revenue and AR has the following questionnaire Figure 1-5 Numbered Yes Question No Are the receipts numbered? Have checked the validity of receipt? Is the cashier independent from the accountant? 22 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company Whether to conduct a comparison between the fund book and general diary? Whether credit on sale is approved? Whether or not to prepare a periodical debt report? Have invoices are checked before deliveried to clients? The implementation of discount and discount pricing policies has been closely examined? Whether credit on sale is compared? Have compare 10 between balance sheet 23 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company of Account Receivable and the ledger? Source: Company  Preliminary assessment of audit risk An assessment of the effectiveness of the internal control system in preventing and detecting material failures If the risk of control is not high, the auditor will identify tests of controls necessary to obtain evidence of the corresponding effectiveness of the internal control system.This is very important because it is the basis for the auditor to limit the scope of the underlying tests which are partly to be performed control tests that must immediately conduct basic tests at the appropriate level The assessment is subjective and requires the judgment and experience of the auditor  Design and conduct test of control With Revenue and Account Receivables has the following test of control with these reasons: Select samples from invoices issued during the period:  Comparison with orders, accounting documents, etc to collect evidence that the invoice is made on the basis of the existence of a transaction  Check the review signature and approval facility to see if the sell-off is approved before the goods are shipped  Compare surveys and affirm cost list at each time Conclusion: This test is assemble prove of control methods related to the total and exact recording of exchanges on bookkeeping books Reviews and records of returned or damaged goods, all of the over things must be substantiated by numbered archives, looked into and signed by the competent authority and is partitioned from investing or bookkeeping Check the compromise and survey the contrast dealing with 2.1.3.2 Analytical procedure 24 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company The auditor makes a revenue analysis table to compare the revenue between the months with the difference or not Comparing the revenue between periods, months, if there is an unusual difference, consider the cause or error Compare gross interest rate in industry and years ago 2.1.3.3 Test of detail      - Check the truthfulness of sales Check out full record of sales Check the accuracy of the recorded amount of sales Check whether sales are properly recorded Check the revenue classification for the purpose of ensuring there is no misleading information on the financial statements 2.1.4 Synthesis , report Evaluate whether the audit plan is being implemented effectively or not Consider whether the auditor's assessment and discoveries are accurate, well-grounded, and sufficient appropriate prove Assess whether the audit target is met or not, make an audit report(finished auditing) An audit report: Provide a process of aggregating revenue for managers, evaluating audit evidence Auditors need to synthesize detected material misstatements to assess materiality in order to take corrective measures At long last, an inspector will evaluate the impact of the revenue audit item on the conclusion of the financial statements and reflect on the revenue audit conclusion 2.2 Actual application of revenue auditing process at XYZ company by Eastern auditing limited company 2.2.1 Overview about operation of XYZ company 3.2.1 General introduction about XYZ company 3.2.2 Overview of customer business activities The company XYZ was established in September 1998, formerly known as garment export factory, which was equitized since August 2005 The products exported to difficult markets such as Japan, Europe, Asia are: down jacket, down vest, padding jacket, pants, short, kid garment, labor uniform garment Over 20 years of operation, the company has always followed the motto "Good quality, competitive price, on-time delivery, mutual benefit" The company's main business is garment and textile 25 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company 3.2.3 Overview of internal control system of revenue The company has a policy of selling to customers (30-45 days) for loyal old customers, usually orders with a value of less than 300 million VND need approval and review from superiors For goods returned or discounted due to incorrect type or quality, approval of the authorized person is required, and there must be a record confirming the returned sale or price adjustment for the shipment The goods subject to the above cases are separately monitored by the accountant in order to adjust the selling price, and at the same time record a reduction of the Account Receivable 2.2.2 Process of revenue auditing at XYZ company  Analysis procedure for revenue Month 10 11 12 Total Revenue 161,605,455 5,845,453 6,700,000 7,645,454 1,727,273 357,284,178 89,036,364 414,345,046 6,412,727 370,649,364 263,389,090 604,159,756 2,288,800,160 Figure 1-6 The revenue increased highly in June, August and October, all over 300 millions,especially in December is the highest Therefore, the audit carefully considered the cause of the revenue growth over months  Analysis procedure for revenue from financial activities 26 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company Figure 1-7 Year 2019 2020 Revenue 452,349,741 908,063,506 Percent 100% 2007% The revenue this year is quite high compared to the previous year, the revenue is 20.07 times higher Through consideration of the interest receipt incurred between company XYZ and its customers and audit records, the reason for the end of the fiscal year Enterprises assess the exchange rate differences at the end of the payable period arising from the previous year (especially due to the policy of selling to customers) However, due to complicated epidemics in 2020, and many inefficient customers of the company increase, the revenue in 2020 will increase slightly 2.2.3 Test of detail with revenue 2.2.3.1 Test of detail for sale and services provider Total revenue at the end of the year matches the income statement, the tax statement convenient comparison Most of these transactions are concentrated on the winning product, the company always has a selling policy to bear 70% of the contract value (customers need to pay at least 30%) words related to this operation such as sales invoices, delivery notes, etc Choose a sample to test: Auditors conduct detailed inspection of sales operations arising in January, March, October Sampling bases are the months with the largest, smallest and average arising numbers in order to have professional proof that sale is real operations to check the completeness and the reality of this kind of business 2.2.4 Finished auditing 2.2.4.1 Result evaluation At the end of the audit, a comparison between the declared data and the audit data with the initial material importance of some items was explored by the auditor after the client inquiry phase Staff also reminds customers of some cases with discrepancies, focusing on taxes, so that customers can find out the cause and fix it in the future  For sales of goods and services Audit objective conclusion: accept the accounting's data 27 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company Recommendations: contracts and invoices must be unified if there is any change in price or quantity, so the appendix attached  For financial revenue Audit objective conclusion: Auditing job is enough for the auditor to be satisfied Recommendation: no 2.2.4.2 Announcing auditing report CHAPTER : COMMENTS AND RECOMEDATIONS FOR EASTERN AUDITING LIMITED COMPANY 3.1 Comments on objective factors effect on Eastern auditing limited company 3.1.1 Benefits  The preparation stage before coming to the client company is quite careful, the company has many samples to ask the business to prepare and provide before the auditor analyzes and outlines the detailed audit plan at the client company  During the planning phase, audit records are overall and carefully reviewed to avoid errors, discrepancies, and large fluctuations in the item The audit work is clearly assigned, specifically, each auditor and audit assistant undertakes one or more actions appropriate to each person's level of expertise and experience They transfer information to save time and gather adequate evidence to avoid duplication The Company conducted most of the fundamental audit procedures in accordance with the audit process, guaranteeing the reliability of opinions on the reasonableness of the corporate financial statements   3.1.2 Drawbacks  For some special types of business, the auditor is mainly based on personal experience and experience directed by more experienced auditors, not specific instructions because the opinion will be subjective according to the experience of the auditor, will be more independent and objective if there is the intervention of a third party  The audit process is still limited, only on volatility analysis, auditors using too many detailed tests will take time and effort instead of using appropriate analytical procedures Since the auditor considers the irregularity of the revenue (the highest or the lowest in the accounting period) and only stops at the level of finding out the cause without expanding the expanded scope of analytical procedures, including only Table accounting balance, Reporting business results without expanding analysis Cash flow statement and other nonfinancial information Besides, auditors rarely use other analytical techniques such as reasonableness analysis or analysis model, leading to decrease in efficiency 28 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company  The presentation on the auditor's working paper is quite sketchy in explaining the conclusion as the assistant auditor recorded in paper or book according to each individual, so there was no agreement on the exchange of information or there was duplication 3.1.3 Comparing between theories and realities Similarity: The company's audit process is similar to the program learned in class about sampling etc Another point: Actual approach to the auditing process according to VACPA model, which is built clearly and can be flexible, not essentially following this sample process for each different audit objective 3.2 Propose some recommendations to advance process auditing revenue at Eastern auditing limited company    The company expands to gather information related to the audited entity from a third party and enterprises in the same business field and have absolute confidentiality for client There are types of analysis procedure: analysis trend, ratio analysis, reasonableness analysis, regression analysis, data analysis Auditors and assistants will use analytical procedure suitable for each type of business size Using note-taking software so that all members of the group can capture information quickly and effectively, but still have to keep confidential information to avoid leaking customer information 29 c (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company (Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company(Tieu.luan).internship.report.auditing.of.revenue.at.eastern.auditing.limited.company