Keep in mind that auditing is a fundamentally logical

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Unformatted text preview: s included in this chapter to give you a basic idea of what the most common type of audit report for a public company looks like and how auditors report their opinion to the public. mes25435_ch01_001-032.indd mes25435_ch01_001-032.indd 24 26/05/11 9:24 PM Confirming Pages Chapter 1 An Introduction to Assurance and Financial Statement Auditing 25 Conclusion LO 10 mes25435_ch01_001-032.indd 25 You can see from this chapter that a good financial statement auditor needs to understand not only accounting but also the concepts and techniques of gathering and evaluating evidence to assess management’s financial statement assertions. In addition, an auditor needs a deep understanding of business in general as well as of the specific industries in which his or her clients operate. This is why professionals with auditing experience frequently have attractive opportunities to move into other areas of business and management. Chief executive officers, business owners, chief financial officers, consultants, and...
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