Question: What are assertions For purposes of an audit who makes
What are assertions? For purposes of an audit, who makes assertions?
Answer to relevant QuestionsHow are auditing and accounting different? Why do you have to be a good accountant to be a good auditor?How might audits prevent as well as detect misstated financial statements? Why is this of value to the capital markets?In terms of their impact on auditing standards and audits, what is the relationship of the SEC and the PCAOB? The SEC and the AICPA? The SEC and FASB? Congress and the SEC? State governments and the AICPA?Why are CPA firms not structured as typical corporations?List the 10 GAAS from the PCAOB standards and the 10 AICPA standards in 2 columns. a. Identify differences in each of the standards.b. Highlight any differences that you think indicates a difference in meaning.c. Add a 3rd ...
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