{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Ch _2 Basic Professional Standards

Ch _2 Basic Professional Standards - ACCY 360/560 Assurance...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ACCY 360/560 Assurance Services "Basic Professional Standards" (Chapter #2) I. Standards important criteria by which we measure quality I II A. Generally Accepted Accounting Principles (GAAP) the standards by which the quality of the financial statements are judged B. Generally Accepted Auditing Standards (GAAS) the standards by which the quality of the auditor’s performance is judged C. Attestation Standards the standards by which the CPA’s performance is judged for an attestation engagement II. Generally Accepted Auditing Standards (GAAS) – 10 of these [Remember “ TID - PIE - GCDO ”] A. General standards – 3 of these ("TID") which are “personal” in nature as they relate to qualities that the auditor brings to the assignment 1. Training —the auditor must be adequately trained with skills in auditing 2. Independence —the auditor must maintain an independent state of mind 3. Due professional care —the auditor must adhere to standards of the
Image of page 1

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

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern