Audit Report power point

Audit Report power point - Audit Report Materiality (p....

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Audit Report Materiality (p. 248) = FASB 2 defines materiality as “ The magnitude of an omission or misstatement of accounting information that, in the light of surrounding circumstances makes it probable that the judgment of a reasonable person relying on the information would have been changed or influenced by the omission or misstatement
Background image of page 1

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

View Full DocumentRight Arrow Icon
1) Report Title (Independent Auditor’s Report) 2) Audit Report Address (To the Stockholders !!!! General Ring Corporation) 3) Introductory Paragraph (Audit, Compilation or Review) (Financial Statements that were audited – income, retained earnings, cash flow, balance sheet), (management responsible for financial statement, auditor responsible for opinion). 4) Scope (auditing generally accepted in the United States, reasonable assurance, free from material misstatement, reasonable basis for opinion). 5) Opinion = p34 standards of reporting
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 4

Audit Report power point - Audit Report Materiality (p....

This preview shows document pages 1 - 3. Sign up to view the full document.

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