内部控制的目标与要素 内部控制的了解与描述 内部控制的测试 内部控制的评价 管理建议书

审计目标 审计程序

▪ 审计证据 ▪ 审计工作底稿

▪ 审计方法概述 ▪ 审计技术方法

▪ 注册会计师的职业道德 ▪ 注册会计师的法律责任 ▪ 风险防范和法律责任规避

▪ 审计产生的动因 ▪ 审计的职能与对象 ▪ 审计的分类 ▪ 审计依据和审计准则 ▪ 中国的审计制度

第一节 财产清查的概述 第二节 财产清查的方法 第三节 财产清查结果的处理

Discussion Points How to measure returns? How to choose benchmark? How to adjust for risk? Performance attribution. Active return and risk

Predictions and applications CAPM: in market equilibrium, investors are only rewarded for bearing the market risk; APT: in the absence of arbitrage, investors are only rewarded for bearing the factor risk Applications: ---professional portfolio managers: evaluating security returns and

Discount model is in terms of conditional moments The first order condition is,u'( BE, [u'(c )x 1] The expectation is conditional expectation on investor's time t information; The basic pricing equation is P, =E, (m +1X1+)