Business

Principles followed by AICPA while Auditing Auditing such as examination of the books accounts and a bachelor of business as well enables the auditor to…

Purpose of Professional Ethics Professional ethics must extend beyond moral principles. They include standards of behavior for professional people that are designed for both practical…

Auditing Standards Generally Accepted Auditing Standards or GAAS are sets of standards against which the quality of audits are performed and may be judged. Several…

Benefits derived from International Auditing Standards International Standards on Auditing (ISAs) are professional standards that deal with the independent auditor’s responsibilities when conducting an audit…

Objectives of International Standards on Auditing (ISA) ISA issues at present, International Standards on Auditing (ISAs) are professional standards that deal with the independent auditor’s…

Requirements of Audit Committee The audit committee is a subcommittee of the board of directors that is responsible for the financial reporting and disclosure process.…

Limitations of Financial Statement Audit A financial statement audit is the assessment of an entity’s financial statements and accompanying disclosures by a sovereign auditor. The…

Objectives of the Audit Committee Audit committee relies on management to run the daily operations of the business. The Board’s role is better described as…

Audit Committee The audit committee is an operating committee of the board of directors charged with oversight of financial reporting and disclosure. Committee members are…

Statement on Auditing Standards (SAS) SAS means Statement on Auditing standards are issued by the auditing standard broad and are consider interpretations of GAAS. It…