BU477 Lecture Notes - Lecture 2: Hierarchical Organization, Arthur Andersen, Professional Development
Document Summary
Ha(cid:374)d(cid:271)ook(cid:863) i(cid:374) the cpa ca(cid:374)ada ha(cid:374)d(cid:271)ook: they are the standards for the financial statements audit, canadian auditing standards (cas) based on standards developed internationally (cas is a part of gaas). Must follow cas on each engagement: general requirements of f/s audit, purpose of the financial statement. It"s a(cid:271)out us (cid:271)ei(cid:374)g ale(cid:396)t, (cid:374)ot just discrediting everything we hear: auditors" perfor(cid:373)a(cid:374)(cid:272)e respo(cid:374)si(cid:271)ilities, adequate planning and supervision, determining and applying materiality levels. Identify and assess risks of material misstatement: obtaining sufficient and appropriate evidence, reporting. Toronto, kitchener, and spain: these methods include the organizational structure of the public accounting firm and the procedures the firm sets up, quality controls are used by the firm to make sure it meets canadian. Leadership responsibilities for quality within the firm: an organizational culture that promotes audit quality (culture at the top: 2. General ethical requirements: independence in fact and appearance; integrity and objectivity in performance: making sure personnel are independent, 3.
