Escolar Documentos
Profissional Documentos
Cultura Documentos
1-1
Describe auditing.
Distinguish between auditing and
accounting.
Explain the importance of auditing in
reducing information risk.
List the causes of information risk, and
explain how this risk can be reduced.
1-2
1
Describe auditing.
1-4
1-5
FASB
1-6
Criteria
IASB
Client
Testimony
1-7
Written and
electronic
Communications
with outsiders
Observations
Judgment and
Experience
Competence
Independence
Evaluation of
Evidence
Proper
Conclusion
1-8
1-10
2
Distinguish between auditing
and accounting.
1-11
3
Explain the importance of
auditing
in reducing information risk.
1-13
Demand Driver
Information risk
4
List the causes of information
risk, and explain how this
risk can be reduced.
1-15
Remoteness of information
Biases and motives of the provider
Voluminous data
Complex exchange transactions
1-16
1-17
Client or audit
committee hires
auditor
Auditor
Auditor issues
report relied
upon by users to reduce
information risk
Provides capital
Client
External
Users
5
Describe assurance services and
distinguish audit services from other
assurance and non-assurance services
provided by CPAs.
1-19
1-20
1-21
Five
Categories
1. Audit
3. Review
Historical
Financial
Statements
2. Internal
Control over
Financial
Reporting
1-22
5. Other
4. Information
Technology
1-23
1-27
1-28
6
Differentiate the three main types
of audits.
1-29
Operational
Compliance
Financial Statement
1-30
Example
Example
Example
7
Identify the primary types of
auditors.
1-35
1-36
8
Describe the requirements
for becoming a CPA.
1-37
Educational requirement
Uniform CPA examination requirement
Experience requirement
1-38
1-39
Auditing
and
Attestation
Financial
Accounting
And
Reporting
Business
Environment
and
Concepts
Regulation
1-40
41
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