1|© 2019 John Wiley and Sons, Inc.For Instructor Use OnlyCHAPTER 1INTRODUCTION AND OVERVIEW OF AUDITAND ASSURANCELEARNING OBJECTIVESLO 1Differentiate among assurance, attestation, and audit services.LO 2Describe the different types of assurance services.LO 3Explain the demand foraudit and assurance services.LO 4Discuss the different roles of the financial statement preparer and the auditor.LO 5Identify the roles of different regulators and organizations that affect the auditprofession.LO 6Explain the concepts of reasonable assurance, materiality, and the nature of anunqualified/unmodified report on the audit of financial statements.LO 7Explain the concept of reasonable assurance and the nature of an unqualified report oninternal controls over financial reporting.LO 8Discuss the audit expectation gap.AUDITING AND ASSURANCE STANDARDSPCAOBAUDITING STANDARDS BOARDFramework for Audits of Public CompaniesFramework for Audits of Private CompaniesAS 2201An Audit of Internal Control Over Financial Reportingthat isIntegrated with the Audit of Financial StatementsAU-C 200Overall Objectives of the Independent Auditor andthe Conduct of an Audit in Accordance with GenerallyAccepted Auditing StandardsAS 3101The Auditor’s Report on an Audit of FinancialStatements When the Auditor Expresses an Unqualified OpinionAU-C 700Forming an Opinion and Reporting on FinancialStatementsPreview Mode
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