Audit Responsibilities and Objectives

February 3, 2010 at 3:34 am Leave a comment

Internet Problem ( NAO1)

Questions :

  1. Read the statements issued by the PCAOB and SEC on May 16, 2005 and briefly describe the apparent underlying cause(s) for auditors’ failure in applying the concept of reasonable assurance. Hint: Read the portion of the PCAOB’s policy statement entitled “The Importance of Professional Judgment.”
  2. Why do you think firms had such difficulty in applying the concept of reasonable assurance during the first year of implementation of Section 404?click here

Entry filed under: AUDITING 2. Tags: .

Legal Liability Audit Evidence

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