Question by  RJ1986 (68)

What are the main principles of auditing?

I'm writing a paper on assurance services.


Answer by  annie869 (11)

Make sure the client's financial statements were completed in compliance with the GAAP. Make sure the client's internal control is in fair and resonable way Make sure the client's financial statements can reflected the company's real financial situation to proect the investor and public.


Answer by  ringneck (394)

Those conducting the work will want to see that the records of the entity are being presented in an accurate manner. It needs to be determined if the statements reflect what is actually happening in the entity.


Answer by  EM82 (18)

5 of the 10 audit standards are: 1. The auditor must have adequate technical training. 2. The auditor must maintain independence. 3. The auditor must exercise due professional. 4. The auditor must adequately plan the work. 5. The auditor must obtain a sufficient understanding of the entity.

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