Purchase Solution

Auditing Functions

Not what you're looking for?

Ask Custom Question

explain the nature and functions of auditing.

Relate your explanation to the audit functions in your organization, or an organization with which you are familiar.

Address the following

· Describe the elements of the Generally Accepted Auditing Standards (GAAS).

· Describe how these standards apply to financial, operational, and compliance audits.

· Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies.

· Discuss the additional requirements that are placed on auditors from this act and the actions of the PCAOB.

Purchase this Solution

Solution Summary

The author describes the Generally Accepted Auditing Standards (GAAS) and the Sarbanes-Oxley Act and how the latter effects the audits of publicly traded companies. There are additional requirements of auditors mentioned that stem from the actions of the PCAOB.

Solution Preview

I have 1076 words, not including the 8 references. See the preview below...Be sure to rate my work.

In ...

Purchase this Solution


Free BrainMass Quizzes
MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.