In the case of Enron, the Houston office of Arthur Andersen was involved in producing the financial statements and other accounting functions at Enron. Auditors must properly plan and supervise the audit in order to complete the engagement on a timely basis.
The reporting should be clear and concise and include no misleading information. This is one of the major reasons that Congress came down so hard with the Sarbanes-Oxley Act.
Why were independence issues a primary concern of Congress when they developed the Sarbanes-Oxley Act? It is inappropriate to audit your own work.
I would think that if an audit firm followed the 10 GAAS properly and consistently, then the courts would consider the standard to have been met. Auditing and assurance services.
Why is independence often considered the cornerstone of the auditing profession? The exercise of due professional care requires observance of all general standards and fieldwork standards but adds an additional element of professionalism.
If an inconsistency is found, investigate it completely to see if it may be just a honest error or an intentional act of misconduct. The integrity cannot be there. Auditors are expected to be unbiased and impartial with respect to the financial statements and other information they audit.
They are expected to be fair both to the companies and executives who issue financial information and to the outside persons who use it.
The standard for due audit care is the care that would be exercised by a reasonable auditor in the same circumstance. The concept of independence is necessary to provide impartiality and objectivity. If an error in an accounting function is uncovered during an audit by the same person that caused the error, it is uncommon for even the highly ethical person to disclose their error.
Due professional care is to be exercised in the performance of the audit and the preparation of the report.
Independence is critical in the auditing profession.CNC Schools: Schools With CNC Courses Learn CNC in your own area! Note: CNC Concepts, Inc. is not affiliated with any of the schools on this list.de a o e que do da em para ) com um ( no é The ten Generally Accepted Auditing Standards (GAAS) provide the foundation for all other auditing standards and interpretations.
What is the definition of the standard of “due professional care”, and how might a court decide whether an audit firm met the standard?
+ I will only accept facebook friend requests from people I know in person. + I will only accept linkedin requests from people I have worked with or had at least a few email exchanges with (remind me on the request if this is the case).
High School Musical 3: Nos années lycée , ou High School Musical 3: La Dernière Année  au Québec (High School Musical 3: Senior Year) est un film américain de Kenny Ortega sorti en et qui est le troisième volet de la trilogie High School Musical.
Il fait suite au téléfilm High School Musical: Premiers Pas sur scène diffusé en et à sa suite High School Musical 2.Download