What are the five aspects of audit elements?

The five elements of audit include the three parties involved in the audit, financial statements, the basis for preparing financial statements, audit evidence and audit reports.

The difference between auditing and accounting:

The premise of accounting is different: accounting is to strengthen economic management and meet the needs of accounting and analyzing labor consumption and labor results; Audit is for the need of economic supervision, that is, to determine the economic responsibility of operators or other entrusted managers.

They are different in nature: accounting is an important part of enterprise management, which mainly reflects and supervises the production, operation or management process; Audit is an important part of economic supervision, which is outside the specific operation and management. It mainly examines the authenticity, legitimacy and efficiency of financial and financial revenue and expenditure and other economic activities, which are external and independent.

The two objects are different: the object of accounting is mainly the process of capital movement, that is, the value of economic activities; The object of audit is mainly the economic activities reflected by accounting data and other economic information. Financial statements, the management of the audited unit needs to prepare financial statements according to certain standards, and the certified public accountant makes audit plans according to the audit objectives during the audit, so as to obtain and evaluate audit evidence.

Judge the consistency between the management's determination and the applicable financial reporting basis, and finally draw a conclusion and issue an audit report. Audit evidence: refers to the necessary information used by certified public accountants to draw conclusions and form audit opinions.

Audit report: Certified public accountants design and implement necessary audit procedures, obtain sufficient and appropriate audit evidence, form audit conclusions, issue audit opinions and issue audit reports in accordance with the requirements of professional ethics and auditing standards.