Mid-Chp 1 - 1-1 Br ief ly descr ibe the accounting or...

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10/22/09 1-1 Briefly descr ibe the accounting organizations that exist in Canada and identify the professional The senior body is the Canadian Institute of Chartered Accountants (CICA) whose members are chartered accountants or CAs. The use of the title “ certified general accountant”(CGA), awarded by the Certified General Accountants Association of Canada( CGAAC), is also regulated by provincial law.
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10/22/09 1-2 I n the conduct of audits of financial statements, it would be a ser ious breach of responsibility if the auditor did not thoroughly understand accounting. However, many Accounting is the recording, classifying, and summarizing of economic events in a logical manner for the purpose of providing financial information for decision making. Accountants must have a thorough understanding of the principles and rules that provide the basis for preparing the accounting information. In auditing accounting data, the concern is with determining whether 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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Mid-Chp 1 - 1-1 Br ief ly descr ibe the accounting or...

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