financial audit Chapter 1 power point

Between established auditing should be done by a

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: etween established Auditing should be done by a competent, Auditing competent independent person. 1-3 Economic Demand for Auditing Information risk reflects the possibility that the information upon which the business risk decision was made was inaccurate. Auditing can have a significant effect on information risk. 1-4 Relationships Among Auditors, Relationships Client, and External Users Client, Client or audit committee hires auditor Auditor Auditor issues report relied upon by users Client External Users 1-5 Causes of Information Risk Remoteness of information Biases and motives of the provider Voluminous data Complex exchange transactions 1-6 Assurance Services Assurance services are professional services that improve the quality of information for decision makers. Assurance se...
View Full Document

This note was uploaded on 11/15/2010 for the course BUSI BUS taught by Professor Gg during the Spring '10 term at CUNY Baruch.

Ask a homework question - tutors are online