Explain the general characteristics of assurance engagement

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Reference no: EM133106179

Question - Auditing-1, George Brown College, Canada, ACCT 2007

1. Describe auditing and its purpose.

2. Distinguish between auditing and accounting.

3. Explain how auditing reduces information risk.

4. Determine the causes of information risk.

5. Explain how information risk can be reduced.

6. Identify major types of audits and auditors.

7. Explain the general characteristics of an assurance engagement.

8. Describe assurance and non-assurance services provided by public accountants and distinguish the audit of financial statements from other assurance services.

Reference no: EM133106179

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