Understanding the Financial Statement Audit
06 set 2017
The accounting profession is very highly regulated and CPA firms that perform audits and issue audit opinions are subject to various professional standards, rules and regulations. Although there is a significant amount of judgment involved by the auditor in determining high risk areas, audit scopes and procedures based on identified risks, the concept of an audit and many of the procedures are based upon rules and requirements from regulators.
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We will take you through the basic steps involved in conducting your company’s (or organization’s) audit so that you understand the process and are prepared, where and when called upon, to furnish the necessary documentation and input to your audit team.
Preparing for the Audit
During the Audit Process