Question: Auditing careers involve much more than just counting things or reviewing financial statements. The auditing process is broad in nature and involves obtaining and evaluating

Auditing careers involve much more than just counting things or reviewing financial statements. The auditing process is broad in nature and involves obtaining and evaluating evidence consisting of all the influences that ultimately guide an auditors’ decision. Some of you may have experienced an Internal Audit function testing controls under your responsibility at work or an audit of your personal income tax statement. For your initial posting, describe a task, responsibility, or job that a professional auditor would complete. The video links “Focus on the Profession” will give you some additional suggestions. For your peer responses, identify stakeholders who would be impacted by this task, responsibility, or job an auditor completes and discuss the impact to the stakeholder if the auditor does not do their due diligence and provide the correct information. 

Step by Step Solution

3.48 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

an obligation or a task that a professional auditor will complete 1 Collect and analyze data for deficient controls repeated attempts fraud fraud or noncompliance with laws regulations and administrat... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!