A financial statement audit involves attesting to management assertions by reference to pre-established criteria. What serves as the criteria to

Question:

A financial statement audit involves attesting to management assertions by reference to pre-established criteria. What serves as the criteria to judge the fairness of financial statements? Explain why "reference to criteria" is important to the audit function and the results communicated by the audit function.

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Related Book For  answer-question

Auditing A Business Risk Approach

ISBN: 978-0538476232

8th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: December 16, 2016 13:00:29