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AC 450 CH. 1 AC450T053CH1081805. Assurance: Quality of Info Consulting: Recs.

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Presentation on theme: "AC 450 CH. 1 AC450T053CH1081805. Assurance: Quality of Info Consulting: Recs."— Presentation transcript:

1 AC 450 CH. 1 AC450T053CH1081805

2 Assurance: Quality of Info Consulting: Recs

3 AC450T053CH1081805 Assurance Attest Audit

4 AC450T053CH1081805 Attest Subject Matter is resp. of another party Fin, Nonfin Written assurance Attestor

5 AC450T053CH1081805 3 Levels of assurance in Attest, + <> 0

6 AC450T053CH1081805 F/S Audit Attestor Subject Matters

7 AC450T053CH1081805 Demand for F/S Audit Acts risk of M misstmt Unbiased report

8 AC450T053CH1081805 Def of Auditing: Auditing is a systematic process (Cont.)

9 AC450T053CH1081805 of objectively (Cont.)

10 obtaining & evaluating evidence (Cont.) AC450T053CH1081805

11 Regarding assertions (Cont.) AC450T053CH1081805

12 about economic actions & events (Cont.) AC450T053CH1081805

13 to ascertain the degree of correspondence (Cont.) AC450T053CH1081805

14 between those assertions and established criteria (Cont.) AC450T053CH1081805

15 and comm. results to interested users. AC450T053CH1081805

16 Std Setting AICPA: ASB, SASs (Cont) AC450T053CH1081805

17 ARSC: SSARS (Cont) AC450T053CH1081805

18 PCAOB: AS (Cont) AC450T053CH1081805

19 CPCAF (formerly POB): (Cont) AC450T053CH1081805

20 GAO (Cont) AC450T053CH1081805

21 Types of other Audits Operational Compliance AC450T053CH1081805

22 Standards SASs SSAEs SSARSs (CONT) AC450T053CH1081805

23 Standards QC ET AS Others AC450T053CH1081805

24 Types of Auditors Indep. Internal Govt. AC450T053CH1081805

25 CPA, Cont. License 3 Es Certif. (End) AC450T053CH1081805


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