Audition Web Trip and Discussion

Audition Web Trip and Discussion - DISCUSSION What is the...

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DISCUSSION What is the major difference between auditing services and assurance services? Professor and Classmates The major difference of auditing services and assurance is the scope of items reported on. Auditing services is narrow because it only audits financial statements and related financial information. An assurance service has a broader scope that includes business processes, control processes, risk analysis, non-financial performance data, and financial information. Auditing services has some failures and bias reporting in time past that Sarbanes Oxley Act of 2002 attempted to increase demand. Assurance services create confidence to companies and investors reducing information risk. Reference: Rittenberg, Larry E., Johnstone, Karla M., Gramling, Audrey A. (2010) Auditing: A Business Risk Approach. Mason, OH: Cengage Learning Sherry Cribb Under what circumstances is it appropriate for a CPA to disclose confidential information about a client? Give an example. CPAs are to follow standards developed by AICPA ET Section 300 – Responsibilities to Clients.
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Audition Web Trip and Discussion - DISCUSSION What is the...

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