Generally Accepted Auditing Standards Paper

Generally evaluate Auditing Standards Paper Prepare a 700-1,050-word paper in which you explain the constitution and functions of auditing. Relate your explanation to the audit functions in your organization, or an organization with which you are familiar. In your paper, be certain(a) to address the following: a. pull out the elements of the Generally Accepted Auditing Standards (GAAS). b. Describe how these standards apply to financial, operational, and compliance audits. c. Explain the effect that the Sarbanes-Oxley Act of 2002, and the national Company Accounting Oversight Board (PCAOB), will contract on audits of publicly traded companies. d. Discuss the additional requirements that are laid on auditors from this Act, and the actions of the PCAOB. Answer: The purpose of this paper is to explain the nature and functions of auditing, relate them to the audit functions in Enardo, Inc.

, describe the elements of the Generally Accepted Auditing Standards (GAAS) and how these standards apply to financial, operational, and compliance audits, explain the effect that the Sarbanes-Oxley Act of 2002, and the prevalent Company Accounting Oversight Board (PCAOB) will concur on audits of publicly traded companies, and discuss the additional requirements that are determined on auditors from this Act as well as the actions of the PCAOB. Auditing is the emergence by which economic events and processes are evaluated and verified as avowedly and correct. The auditing process consists of gathering, evaluating, and reporting. The auditor gathers information about the entities processes, economic proceeding and procedures in an unbiased manner. The information is then evaluated to ensure that it follows generally accepted accounting principles or any other standards that apply. The auditor then compiles a report of their findings to be submitted to the appropriate parties. These processes are critical to the correct verification and assurance provided by the auditing professional. The auditing of an entity is valuable... If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .