Business

Audit procedure: Specific acts performed as the auditor gathers evidence to determine if specific assertions are beignet. They are used by auditors to determine the…

Audit Evidence: Audit evidence which is cumulative in nature includes audit evidence obtained from audit procedures performed during the course of the audit and may…

Ethical dilemma: An ethical dilemma is a situation a person faces in which a derision must be made about the appropriate behavior. It is a…

Categories of Management’s Financial Statement Assertions Financial statement assertions are management’s clarification about the appreciation, measurement, presentation, and confession of information in the financial statements.…

Ethics and Ethical Principles Ethics: Ethics can be defined broadly as a set of moral principles or values. Each of us has such a set…

Rules of Conduct Rules of Conduct are deliberate to direct members to meet the standard of professional conduct as specified in the Bye-laws. Independence: A…

Confidential Client Information Confidential client information is any information obtained from the client that is not available to the public. The auditor should not disclose…

Internal Auditor Internal Auditors: Auditor employed by individual companies, partnership, Govt., agencies, individual and other entities are called internal auditors. They are employed by the…

AICPA Ethical Principles: There are many AICPA ethical principles. Some are given below Responsibilities: In carrying out their responsibilities as professionals, members should exercise sensitive…

Code of Ethics in the perspective of Audit In auditing AICPA has code of professional conduct or ethics for its members. These activities constitute an…