A standard definition of auditing is:

Auditing is a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users.

We obtain evidence first before making an audit report, NOT the other way around. There is a process, and should be kept in mind that it is auditing; not accounting. It is the corporations’ management responsibility to prepare their financial statements, not the auditors.

1. likeipad2 liked this
2. cheersforthekickass reblogged this from cpaitlogpugo
3. encyclopediayu66 liked this
4. ciarakaye liked this
5. wookielforever liked this
6. eniamrahs07 liked this
7. psychosomatic-caprice said: yea kadalasan false lahat ng sagot pag may ganyang tanong sa audt theory :]
8. cpaitlogpugo posted this