Auditing_attestation_assurance - A uditing, Attestation,...

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Auditing, Attestation, and Assurance Services Auditing is the process of obtaining objective data or evidence directly related to the company being audited. The goal of the audit is to discover the integrity and reliability of financial information. Auditing involves testing the information gathered for compliance. The auditing process of financial statements adds value to current and potential users of a company. Auditing is also appreciated, for auditing enhances the CPA’s reputation for integrity and objectivity. Attestation involves reporting the analyzed results that were confirmed in the audit process. The CPA assigned the task of attesting issues a written report and takes responsibility pertaining to the accurateness of the information presented. Responsibility by the CPA depends on the level of the report. For example: an examination is a type of audit, but is a review that is less in scope than a full audit. Agreed upon procedures are procedures that are listed and have results that are reported for each procedure. Attestation provides a report on historical events of financial data.
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This note was uploaded on 04/07/2011 for the course ACCT 490 taught by Professor Richard during the Spring '11 term at DeVry Long Beach.

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Auditing_attestation_assurance - A uditing, Attestation,...

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