This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Week 1: Profession, Standards, and Reporting - Lecture Profession, Standards, and Reporting The Auditing Profession | CPA Vision Project | Auditing Standards and Regulation | Audit Reports CPA Vision Project gives an overall view of where the profession stands and where it is headed. An understanding of the overall profession is crucial to a good foundation of the role auditors have in the accounting profession and in the business world. The Sarbanes-Oxley Act (SOX) has created jobs for everyone in the accounting profession. The Securities and Exchange Commission (SEC), Public Company Accounting Oversight Board (PCAOB), and the American Institute of Public Accountants (AICPA) are all integrally influential over the activities of registered CPA firms and impact the global community. An auditor's professional judgment of the representations of management leads to the all important end result, known as the auditor's report. The objectives of the CPA Vision Project include leveraging CPA core competencies and values in order to guide current and future initiatives to support the profession and the public interest. The purpose of the CPA vision is to current and future initiatives to support the profession and the public interest....
View Full Document
This note was uploaded on 08/27/2011 for the course AC555 AC555 taught by Professor Tarbet during the Spring '10 term at Keller Graduate School of Management.
- Spring '10