Audit Risk
- Use the Internet or visit the Securities and Exchange Website, located at http://www.sec.gov/, to research at least two (2) sanctions levied against companies that have violated general accounting principles, then analyze whether or not investors who were misled by relying on financial statements could hold the audit firm liable for audit failure either by common or securities laws. Provide a rationale for your response.
- According to an article in the CPA Journal, the accounting profession has long contended that an audit conducted in accordance with generally accepted auditing standards (GAAS) provides reasonable assurance that there are no material misstatements contained within financial statements. Suggest at least two (2) alternative methods that auditors can use to provide a more concrete level of assurance to investors. Provide support for your responses with examples of such methods in use.
- please include references, just answer questions and do not have to be essay form, be specific with answer for questions asked….thanks
“Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code “Newclient”
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines
Order Paper NowThe post Audit Risk appeared first on Psychology Homework.
