Professional Documents
Culture Documents
Chapter 1
Describe auditing.
Remoteness of information
Voluminous data
External
Client
Users
Environmental audit
ATTESTATION SERVICES
Audits Reviews
Internal Control Certain
over Financial Reporting Management
Consulting
Other Attestation Services
(e.g., WebTrust, SysTrust)
Other Management
Consulting
Tax
Services
Operational
Compliance
Financial Statement
Established
Loan agreement provisions
Criteria
Available Financial statements and
Evidence calculations by the auditor
©2008 Prentice Hall Business Publishing, Auditing 12/e, Arens/Beasley/Elder 1 - 38
Audit of Historical Financial
Statements
Annual audit of Boeing’s financial
Example
statements
Internal auditors
Experience requirement
Regulation