Auditing and Assurance Services: A Systematic
Approach 10th Edition, Chapter 1 Questions and
Answers
Save
Terms in this set (13)
Independent professional services that improve the
quality of information,
Assurance services or its context, for decision makers. Encompasses
attest services and financial statement
audits.
Services provided by a practitioner engaged to issue
a report on subject matter,
Attest services or an assertion about subject matter, that is the
responsibility of another party. Encompasses
financial statement audits.
All the information used by the auditor in arriving at
the conclusions on
which the audit opinion is based. Audit evidence
Audit evidence
includes the information contained in the
accounting records underlying the financial
statements, as well as other information.
The risk that the auditor expresses an inappropriate
Audit risk audit opinion when the financial
statements are materially misstated.
Approach 10th Edition, Chapter 1 Questions and
Answers
Save
Terms in this set (13)
Independent professional services that improve the
quality of information,
Assurance services or its context, for decision makers. Encompasses
attest services and financial statement
audits.
Services provided by a practitioner engaged to issue
a report on subject matter,
Attest services or an assertion about subject matter, that is the
responsibility of another party. Encompasses
financial statement audits.
All the information used by the auditor in arriving at
the conclusions on
which the audit opinion is based. Audit evidence
Audit evidence
includes the information contained in the
accounting records underlying the financial
statements, as well as other information.
The risk that the auditor expresses an inappropriate
Audit risk audit opinion when the financial
statements are materially misstated.
