Auditors' reports on financial statements contain an opinion on the conformity of the statements with generally accepted
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Auditors' reports on financial statements contain an opinion on the conformity of the statements with generally accepted accounting principles (GAAP). An audit decision on GAAP includes the determination of whether an accounting treatment is "generally accepted," and this determination is made by finding the authoritative support for the accounting treatment. Required: List in order of priority the sources of authoritative support an auditor can consult when faced with a decision about GAAP.
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Related Book For
Auditing And Assurance Services
ISBN: 9780072954449
1st Edition
Authors: Timothy J Louwers, Robert J. Ramsay, David Sinason, Jerry R Strawser
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