Auditing chapter 2 quizlet

Answer it directly, honestly, and succinctly.
Tell a story and describe how your passion for the profession will provide tangible benefits for the employer.
Example: “I have always enjoyed working with numbers and facts in pursuit of information that can be used to achieve an objective or make a decision.

Rating 5.0 (1) d.
Firms performing audits of 100 of fewer public entities may elect to have a peer review conducted through the AICPA in lieu of a PCAOB inspection.
a.
Audit

What are the responsibilities of Auditors?

Direct effect on the determination of material amounts and disclosures in the financial statements (e

: tax and pension laws and regulations) The auditors responsibility is to obtain sufficient appropriate audit evidence regarding compliance with the provisions of those laws and regulations

What is auditing in economics?

Auditing: Basic Concept 1

A systematic process by which a competent, independent person objectively obtains and evaluates evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users

What is the audit process in auditing?

,The Audit Process

The audit process is a sequential order of steps followed by the auditor in the examination of client records

The audit process may vary depending on the nature of the engagement, its objectives and type of audit assurance desired

Categories