RSM323H1- Midterm Exam Guide - Comprehensive Notes for the exam ( 164 pages long!)

170 views164 pages
11 Oct 2017
School
Department
Course
Professor

Document Summary

Audit objective and the auditor"s report: main objective of a fs audit: to enhance the degree of confidence of intended users in the financial statements. Forensic accounting includes fraud auditing and uses accounting and/or auditing skills in investigations involving legal issues: legal issues can be criminal or civil. Quiz: 3 underlying conditions that affect user"s demand for accounting info: consequences, complexity and remoteness. In a fs audit, the manager is responsible for the assertion that all the assets listed on the. In an attest engagement, the responsible party reports on subject matter that should follow standards that are referred to as suitable criteria. Information risk includes the inherent possibility that the fs of a client may contain material departures from gaap: 1. In an attest engagement a practitioner can issue examination, agreed upon procedures, and review reports: the client is the person/company/bod who retains the auditor and pays the fee.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers

Related Documents