Indd mes25435ch01001 032indd 11 260511 924 pm conrming

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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 inspection service. 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 assurance: auditing...
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