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Unformatted text preview: 8. Judges normally expect GAAP to be followed. 9. The “required” is often given. If so, follow it. 10. An exhibit which summarizes the initial audit procedures will save time in the body of the report. 11. “Risk” is critical in all audits, but is especially so with a first audit. Much of the discussion should be on the types of risks potentially posed by the new audit client....
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This note was uploaded on 02/19/2012 for the course ACCT 4490 taught by Professor Barry during the Spring '12 term at Saint Mary's University Texas.
- Spring '12