ac316_2 - Want to be an auditor? The main players AC 316...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
AC 316 Auditing Welcome To The Fantastic World Of Auditing Want to be an auditor? The main players Enron Corporation What is “Auditing” ? Auditing is the accumulation and evaluation of evidence about information to determine and report on the degree of correspondance between the information and establish criteria. Auditing should be done by a competent independent person.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Four Major Components • Information and Establish Criteria and Degree of Correspondence • Accumulating and Evaluating Evidence • Competent, Independent Person • Reporting Accounting v.s. Auditing • Accounting is a process of recording, classifying and summarizing economic events. • Auditing is a process of accumulating and evaluating evidence to determine whether recorded information properly reflects economic events. Why is an Auditor needed? • Thai Law • Economic demand for auditing Types of Audits • Financial Statement Audit • Operational Audit • Compliance Audit
Background image of page 2
Types of Audits Financial Statement Audit is conducted to determine whether the overall financial statements are stated in accordance with specified criteria
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 7

ac316_2 - Want to be an auditor? The main players AC 316...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online