AC450T053CH1081805
•Assurance: Quality of Info
•Consulting: Recs
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Attest
•Subject Matter is resp. of another party
•Fin, Nonfin
•Written assurance
•Attestor
AC450T053CH1081805
3 Levels of assurance in Attest,
+
<>
0
AC450T053CH1081805
Def of Auditing:
Auditing is a systematic process
(Cont.)
obtaining & evaluating evidence
(Cont.)
AC450T053CH1081805
about economic actions & events
(Cont.)
AC450T053CH1081805
to ascertain the degree of correspondence
(Cont.)
AC450T053CH1081805
between those assertions and established criteria
(Cont.)
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and comm. results to interested users.
AC450T053CH1081805
Std SettingAICPA: ASB, SASs
(Cont)
AC450T053CH1081805
Types of Auditors
• Indep.• Internal• Govt.
AC450T053CH1081805