Generally accepted auditing standards

Reference no: EM13150980

Prepare a 700-1,050-word paper in which you explain the nature and functions of auditing. Relate your explanation to the audit functions in your organization, or an organization with which you are familiar. In your paper, be sure to address the following:

a. Describe the elements of the Generally Accepted Auditing Standards (GAAS).

b. Describe how these standards apply to financial, operational, and compliance audits.

c. Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies.

d. Discuss the additional requirements that are placed on auditors from this Act, and the actions of the PCAOB.

Reference no: EM13150980

Questions Cloud

Find probability that both gloves selected are right handed : If two gloves are randomly selected from the box without replacement, what is the probability that both gloves selected will be right handed.

Which kind of bond gives water its many unique qualities : Which kind of bond gives water its many unique qualities?

Discuss in terms of appropriate economic models : On the grounds of economic efficiency, do you think such a proposal to raise taxes on gun and ammunition sales worthy of attention? Discuss in terms of appropriate economic models

What is meant by minimum cash reserve requirements : what is meant by the minimum cash reserve requirements referred to in this clip? b) what terminology do economics use to refer to the process described in this clip?

Generally accepted auditing standards : Prepare a 700-1,050-word paper in which you explain the nature and functions of auditing. Relate your explanation to the audit functions in your organization, or an organization with which you are familiar. In your paper, be sure to address the fo..

Using book value method-record the conversion : Using the book value method, record the conversion of $9 million of bonds into common stock with a $10 par value if the conversion occurred when the market price of the common was $24 per share, and total convertible debt outstanding amounted to $..

Explain what is going on at the cellular level : A student places beetroot cubes in sugar solutions 0M, 2M, 4M, 6M and 8M for 30mins. When the data was graphed, it appeared that there was no percent gain or loss in mass for the beetroot cube put in the 6M sugar solution.

How many moles of h+ (h3o+) are produced : How many moles of H+ (H3O+) are produced in 40.0 m of 0.025 M HCL?

Draw the budget constraint : A poor person who has an income of $1,000 receives $100 worth of food stamps. Draw the budget constraint if the food stamp recipient can sell these coupons on the black market for less than their face value.

User Account

All Pages