chapter notes 1

chapter notes 1 - Chapter Notes-1 1 What are the different...

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Unformatted text preview: Chapter Notes-1 1. What are the different types of accountants, and what do they do ? Public accountants (PAs), who audit and perform other professional services, can be either CGAs or CAs in Canada. Although some CMAs provide assurance services, most CMAs are financial management professionals. CIAs and internal auditors often do operational audits and help management assess risks. There are also many spet designations, such as the CISA. What are the different types of engagements completed by public accountants ? PAs complete financial statement audits, compliance audits, operational audits, and perform reviews and compilations. They also do bookkeeping, accounting, tax work, and provide management advisory services. What differentiates accounting from auditing and assurance services from nonassurance services ? Accounting involves the actual preparation of underlying records, while auditing helps determine whether that recorded information...
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This note was uploaded on 10/22/2009 for the course ACCT 70360 taught by Professor Pathak during the Spring '09 term at Windsor.

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