A financial joust audit involves obtaining and evaluating evidence about an entitys presentation of its financial position, results of operations, and change flows for the purpose of expressing an opinion on whether they are presented plum in conformity with established criteria - usually widely distributedly authentic report principles (GAAP) established by the monetary Accounting Standards placard (FASB) (Boynton & Johnson, 2006). Financial statement and internal control audits are end by independent auditors, who may gather some of the call for discipline from the companys internal auditors. The framework for financial statement audits is the generally accepted auditing standards (GAAS) that have been ado pted by twain the PCAOB and the Auditing St! andards Board of the AICPA. These standards consist of 10 guidelines divided into three categories; general standards, field work standards, and standards of reporting. The general standards establish an auditors expertise in accounting, independence, and responsibility of due care. The field work standards digest the specifics of...If you ask to get a full essay, order it on our website: OrderEssay.net
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