Chp01 - TheRoleofthePublic AccountantintheAmerican Economy...

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Slide 1-1 The Role of the Public  Accountant in the American  Economy
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Slide 1-2 Auditing, Attest, and  Assurance Services Defined Assurance Services – broad range of information enhancing services provided by CPAs. Two types: 1. Those that increase information reliability (e.g., attestation services) 2. Those that involve putting information into a certain form or context
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Slide 1-3 Auditing, Attest, and  Assurance Services Defined Attest engagement as defined by AICPA: a practitioner is engaged to issue or does issue a report on subject matter or an assertion about subject matter that is the responsibility of another party. (e.g., financial statement audits)
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Slide 1-4 Auditing, Attest, and  Assurance Services Defined AUDITING as defined by AAA Committee on Basic Auditing Concepts: a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested parties.
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Slide 1-5 The Relationship Among Auditing,  Attest, and Assurance Services Attestation Auditing Assurance
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This note was uploaded on 07/13/2011 for the course ACCT 1110 taught by Professor Bleecker,d during the Spring '11 term at Kwantlen Polytechnic University.

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Chp01 - TheRoleofthePublic AccountantintheAmerican Economy...

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