Reference no: EM132640991
You have just been hired as a junior auditor at Cartman, Griffin, & Simpson LLP, a medium-sized audit firm that has offices throughout Southwestern Ontario. You have shared the good news with your family and friends.
Many of them are thrilled for you, but most of them reply by asking you: "What do auditors do?" One family member who came into some extra money and is looking to invest has asked: "What can an auditor do for investors?"
Prepare a "learning tool" to educate your family and friends about auditing at an upcoming get-together. Key considerations include:
Question a) What is the purpose of an audit?
Question b) What role do auditors play in society? How do auditors help investors?
Question c) How do auditors differ from accountants?
Question d) What type of audit are you most likely to be doing in your new role?
Question e) What is the significance of professional judgment and professional skepticism in the field of auditing?
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