ACCT 497 Lecture Notes - Lecture 24: Dunder Mifflin, Audit Evidence, Financial Statement
24 Apr 2017
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Acct 497 day 24: attorney"s letter request, sox, management have to give a certificate that is signed by the ceo and cfo. Indicate that the financial statement is signed off by them for the third party: written representations, provided by (management to auditors, dated using date of auditors" reports (audit completion date, broad purpose. If concerns do not remain: no effect on report or financial statements. Is referencing among documentation clear: audit manager and partner. Is the (overall scope) of the audit adequate: do overall (conclusions) support the opinion, reviewing partner. Is the quality of audit work and reporting consistent with (quality standards) of the firm: engagement quality review. We conducted our audit in accordance with auditing standards generally accepted in the united states of america. The procedures selected depend on the auditor"s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
