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Unformatted text preview: president? These questions lead to characteristics of auditors and audit
services that are quite similar to those relating to house inspectors and the house
We hope the analogy of house inspectors and auditors as assurance providers has helped you understand the basic intuition behind the necessary
characteristics of auditors and auditing and why auditing is in demand, even
when it is not required by law. We will refer back to this analogy occasionally
throughout the book to remind you of this basic intuition. Before you memorize lists of standards, techniques, or concepts, we encourage you to consider mes25435_ch01_001-032.indd
mes25435_ch01_001-032.indd 11 26/05/11 9:24 PM Conﬁrming Pages 12 Part 1 Introduction to Assurance and Financial Statement Auditing how the information relates to your basic understanding of important characteristics of “information inspectors” and the services they offer. Keep the big
picture in mind! Auditing, Attest, and Assurance Services Deﬁned
LO 4 The professional literature refers to three general types of services that provide
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This note was uploaded on 12/08/2012 for the course ACCT 564 at Washington University in St. Louis.