CHAPTER 5: LECTURE NOTES LEARNING OBJECTIVE 1: ACCOUNTING AND AUDITING CONTRASTED SLIDE 1: ACCOUNTING AND AUDITING CONTRASTED * The financial report is the product of the entity’s accounting system and of judgement made by those charged with governance and management * ASA 200.3 / ISA 200.3 * Purpose of the audit is to enhance the degree of confidence of the intended users of the FR * To form a judgement on FR, auditor must look behind the FR to the data and allocations of the…
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