Question: How are auditing and accounting different Why do you have
How are auditing and accounting different? Why do you have to be a good accountant to be a good auditor?
Answer to relevant QuestionsWhat is audit evidence?Why do shareholders value audited financial statements?What are Auditing Standards (AS)? Statements on Auditing Standards (SAS)? Which entity issues each? How are they related? To what kinds of audits does each apply?Explain why auditors need to consider both existence and occurrence, and completeness when auditing an account balance? In terms of the transactions posted, how much “audit comfort” does investigating these two ...You are the auditor for a non-public company, “A Golden Rule Carpentry”. The company has a 12/31 fiscal year end. During your audit, you did not identify any material misstatements in the financial statements. ...
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