match the terms

20 points Save Answer KMPG services provided by professional service A firms B. auditors do not examine every transaction and event expectation that auditor give an unbiased and honest professional opinion on the financial statements C. Auditing focuses on The SEC requires Audits are intended to provide Private companies are not An Audit Committee a variety of stakeholders with confidence D. that a company's financial statements can be relied upon public companies annual financial E. Statements be audited each year by independent auditors required to disclose their financial F. information to the SEC V CPAs are V US auditing firms that audit public companies must register with G. KPMG, Deloitte, EY and PwC checking financial data for compliance with v Audits of almost all of the world's checking financial data for compliance with largest corporations are performed by H. accounting rules and its accuracy for the reporting period Accounting, audit, business, financial strategic and consulting how big an error or misstatement have to be before it "matters" in the conduct of an Materiality audit. V V v L. v Critical thinking types of possible audit reports resulting J. from an audit Unqualified, Unqualified with explanation, Qualified, Adverse and skills needed to to understand the business Disclaimer K. decisions behind transactions Unqualified report means that auditors concluded that financial statements do not conform Qualified report with GAAP or are materially misstated Adverse report audit requirement of public interest M.companies in the European Union Reason an audit cannot guarantee the dollar accuracy of every statement or means that auditors concluded that the detect all misstatements financial statements were prepared in N. accordance with GAP and are free of An auditing firm or its employees (1) material misstatements have a financial interest in, or (2) perform prohibited services for its audit Public Company Accounting Oversight client, O. Board (PCAOB) V V Skeptical Approach means that auditors concluded that the The most extensive part (bulk of work) p. financial statements are in accordance with in performing an audit GAAP, but with one or more exceptions. Requirement that all public companies Q. records supporting the financial statements Analysis, testing and verification of the financial change their audit firms after 10 years ways an auditor's independence can be R. compromised choose, oversee and monitor the S. independent auditor's work college graduates who have passed the T. Uniform CPA Exam and have relevant work experience