Audit - QS Study
QS Study

Confidential Client Information

Confidential Client Information Confidential client information is any information obtained from the client that is not available to the public. The auditor should not disclose......

Internal Auditor

Internal Auditor Internal Auditors: Auditor employed by individual companies, partnership, Govt., agencies, individual and other entities are called internal auditors. They are employed by the......

AICPA Ethical Principles

AICPA Ethical Principles: There are many AICPA ethical principles. Some are given below Responsibilities: In carrying out their responsibilities as professionals, members should exercise sensitive......

Code of Ethics in the perspective of Audit

Code of Ethics in the perspective of Audit In auditing AICPA has code of professional conduct or ethics for its members. These activities constitute an......

Principles followed by AICPA while Auditing

Principles followed by AICPA while Auditing Auditing such as examination of the books accounts and a bachelor of business as well enables the auditor to......

Purpose of Professional Ethics

Purpose of Professional Ethics Professional ethics must extend beyond moral principles. They include standards of behavior for professional people that are designed for both practical......

Auditing Standards

Auditing Standards Generally Accepted Auditing Standards or GAAS are sets of standards against which the quality of audits are performed and may be judged. Several......

Benefits derived from International Auditing Standards

Benefits derived from International Auditing Standards International Standards on Auditing (ISAs) are professional standards that deal with the independent auditor’s responsibilities when conducting an audit......

Objectives of International Standards on Auditing (ISA)

Objectives of International Standards on Auditing (ISA) ISA issues at present, International Standards on Auditing (ISAs) are professional standards that deal with the independent auditor’s......

Requirements of Audit Committee

Requirements of Audit Committee The audit committee is a subcommittee of the board of directors that is responsible for the financial reporting and disclosure process.......

Limitations of Financial Statement Audit

Limitations of Financial Statement Audit A financial statement audit is the assessment of an entity’s financial statements and accompanying disclosures by a sovereign auditor. The......

Objectives of the Audit Committee

Objectives of the Audit Committee Audit committee relies on management to run the daily operations of the business. The Board’s role is better described as......