Auditing Lecture A1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| What is the objective of the independent audit? | show 🗑
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| show | Statements of Auditing Standards (SASs),issued by the AICPA Auditing Standards Board.
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| show | The auditor must have adequate technical TRAINING and proficiency to perform the audit.
The auditor must maintain INDEPENDENCE in mental attitude in all matters relating to the audit.
The auditor must exercise due PROFESSIONAL CARE in the planning a
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| What are the three standards of fieldwork? (PIE) | show 🗑
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| show | The auditor must state in the auditor's report whether the financial statements are presented in accordance with generally accepted ACCOUNTING PRINCIPLES.
The auditor must identify in the auditor's report those circumstances in which such principles h
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| Explain the differences between auditing standards and auditing procedures. | show 🗑
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| What should be included in the introduction paragraph of the auditor's standard report? | show 🗑
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| What should be included in the scope paragraph of the auditor's report? | show 🗑
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| What should be included in the opinion paragraph of the auditor's standard report? | show 🗑
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| show | Independent Auditor's Report
To the Stockholders and Board of Directors of X Company:
We have audited the accompanying balance sheet of X Company as of December 31, Year 1, and the related statements of income, retained earnings, and ca
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
CezMancio
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