The Independent Audit Function Flashcards
0
Q
Who is responsible for the FS
Who is responsible for expression of opinion
A
Comp mgmt
Auditors
1
Q
What is a methodical review & objective examination of a comp FS
A
Audit
2
Q
What is the objective of the auditors examination
A
To express an opinion on the FS
3
Q
What do the audit report give to the FS
A
Credibility
4
Q
The auditor carries out this examination by following
A
10 GAAP standards
5
Q
The auditor must b
A
Independent Expert in GAAP GAAS That business
6
Q
The auditor must report findings based on
A
Evidence examined
