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Part I: A well-known, simple characterization that gets at the very essence of the purpose of auditing includes the following phrase: Auditing is the difference

Part I: A well-known, simple characterization that gets at the very essence of the purpose of auditing includes the following phrase: Auditing is the difference between management telling the truth, and users believing it. (ORIGINAL ANSWERS ONLY)

  • 1.a.
  • What does this phrase mean to you?
  • Have you ever told the truth and had someone refuse to believe it?
  • How does this phrase relate to the usefulness of the auditor report?

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