This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: a. This decision as to fair presentation is a judgment call by the auditor. The American Institute of Certified Public Accountants (AICPA) defines fair presentation as follows: the financial statements reflect the underlying transactions of the company in a manner that represents the financial statements within a range of acceptable limits. 2. Most audits are performed not only for the primary benefit of the stockholders, but also for any other interested outside parties....
View Full Document
- Spring '11
- Certified Public Accountant, Becker Professional Education, lecture text pages