Audit ch02 slides

Audit ch02 slides - 13/09/2011 Chapter 2 Audit, Assurance,...

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13/09/2011 1 Chapter 2 Audit, Assurance, and Quality Control Standards Slide 2 Standards Overview •Practice Standards •Generally Accepted Auditing Standards (GAAS) – Objectives of the Audit of Financial Statements – Ethical Requirements Relating to an Audit of Financial Statements – GAAS Examination Standards – GAAS Reporting Standards – Professional Scepticism and Critical Thinking •Overview of the Audit Process •Assurance Standards •Quality Control Standards Slide 3 Practice Standards Practice standards are general guides for professional work. – Generally accepted auditing standards (GAAS). – Assurance standards. – General Standards of Quality Control for Firms Performing Assurance Engagements. – Quality control standards as reflected in peer reviews and practice inspections. Slide 4 Generally Accepted Auditing Standards (GAAS) GAAS identify the objectives and key principles of the financial statement audit. – GAAS provides a framework under which all auditing standards are applied. – The objectives and key principles are
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This note was uploaded on 12/18/2011 for the course BUSINESS 4754 taught by Professor Khan during the Fall '09 term at Ryerson.

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Audit ch02 slides - 13/09/2011 Chapter 2 Audit, Assurance,...

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