Why is knowledge of auditing valuable to an accountant who is not working as an auditor?
Answer to relevant QuestionsIn 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?What different organizational structures can be used by CPA firms, and how are they different?Is it possible that an auditor can make a professional judgment error and still be behaving with due professional care? Explain. Identify each of the following items as being associated with (a) An AICPA financial statement audit (b) A PCAOB integrated audit(c) Both sets of audit standards_____ AS 5_____ “Must” means a mandatory ...Go to the Web site for international auditing standards: www.ifac.org/iasb/. Look for any standards and rules on that Web site that parallel those of the AICPA and PCAOB. Describe what you see as similarities and differences.
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