Business, Management and Accounting
2 years ago

Auditors Empowered to Uncover Financial Misstatements, Safeguarding Public Trust.

1 view
AU‐C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
Joanne M. Flood

Paper Summary

The article discusses how auditors can respond to risks of errors in financial statements and evaluate the evidence they gather. It focuses on designing and carrying out audit procedures to address these risks. Auditors need to perform tests to check the accuracy of financial information, regardless of the level of risk. The main goal is to ensure that financial statements are reliable and free from significant errors.

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