According to an article in the CPA Journal, the accounting profession has long contended that an audit conducted in accordance with generally accepted auditing standards (GAAS) provides reasonable assurance that there are no material misstatements contained within financial statements. Suggest at least two (2) alternative methods that auditors can use to provide a more concrete level of assurance to investors. Provide support for your responses with examples of such methods in use.

Answer rating: 100% (QA)

As Per The Public Company Accounting Oversight Board PCAOB Auditor Responsibilty In the standard audit reports that accompany corporate financial statements the auditors responsibility for detecting f... View the full answer