Write a post of 300 words summarizing CPA exam preparatory material.© BrainMass Inc. brainmass.com December 20, 2018, 12:27 pm ad1c9bdddf
The audit adds credibility to financial reports by providing objective assurance that the reports are reasonable (not absolutely accurate). Audits are conducted in accordance with auditing standards, of which there are ten, that govern the action of auditors that are checking to be sure that the financials are in accordance with the reporting framework (accounting standards). Auditing standards require the auditor to be competent, independent, and careful. The auditor must plan and supervise the audit, understand the client's controls, and collect ...
This contains a very brief (three paragraph) summary of the main idea in auditing that are in the CPA exam.