Escolar Documentos
Profissional Documentos
Cultura Documentos
William C. Boynton
California Polytechnic State
University at San Luis Obispo
Raymond N. Johnson
Portland State University
• Degree of correspondence
Auditing Defined (cont.)
• Established criteria
• Interested users
Comparative Summary of Types
of Audits
Types of Auditors
• Independent Auditors
• Internal Auditors
• Government Auditors
Assurance Services Defined
• Independence
• Professional services
• Quality of information
• Decision maker
Example Assurance Services
• Audit Engagements
• Attest Services
– Examination
– Review Engagement
– Agreed-upon Procedures Engagement
• Accounting Services
• Compilation Services
Levels of Assurance
• Reasonable Assurance
• Negative Assurance
• Agreed-upon Procedures
C. Operational Audit
Study Break
2. These auditors are typically CPA’s
who render professional auditing
services to clients.
A. Independent Auditors
B. Internal Auditors
C. Government Auditors
D. IRS Auditors
A. Independent Auditors
The Roots of Auditing
• British influence and migration
• Consequence
• Complexity
• Remoteness
Economic Benefits of an Audit
B. Unlimited Timeframe
Organizations Associated with
the Public Accounting Profession
Regulatory Framework for
Ensuring High-Quality Services
• Standard Setting
• Firm Regulation
• Government Regulation
Standard-Setting Organizations
in the United States
Study Break
5. Which organization is considered to
be a private sector organization?
A. State Boards of Accountancy
B. Securities and Exchange Commission
C. AICPA
D. IRS
C. AICPA
Study Break
6. This component of regulatory framework
includes the inspection of audits by the
PCAOB staff and peers in other accounting
firms.
A. Standard setting
B. Firm regulation
C. Inspection and peer review
D. Government regulation