Sarah OHann enjoyed taking her first auditing course as part of her undergraduate accounting program. While at
Question:
a. What is the main objective of the audit of an entity’s financial statements?
b. The audit represents the CPA firm’s guarantee about the accuracy of the financial statements. Right?
c. Isn’t the auditor’s primary responsibility to detect all kinds of fraud at the client?
d. Given the CPA firm is auditing financial statements, why would they need to understand anything about the client's business?
e. What does the auditor do in an audit other than verify the mathematical accuracy of the numbers in the financial statements?
Require
If you were Sarah, how would you respond to each question?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0133125689
15th edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Question Posted: