Audit & Assurance Services

CH 1
 NATURE OF AUDITING
Accumulation & evaluation of evidence about information to determine and report on the
degree between information and established criteria.
Should be done by a competence and independence person.

Information and established criteria

Accumulating and evaluating evidence
Competent and independence person
Reporting
 DISTINCTION BETWEEN
AUDITING & ACCOUNTING
Accounting Auditing

Recording Examining
Classifying Evaluating
Sumarizing Comparating
Reporting Resulting
 Economic Demand for Auditing
Causes of Reducing
Information Risk Information Risk

 Verifies Information Risk

 Shares Information Risk
with Management
 Audited Financial
Statement
 Assurance Services

 Audit of Historical Financial Report

 Audit of Internal Control over Financial
Reporting
 Review of Historical Financial Report
 Attention Services of Information
Technology
 Others Attention Services
 Non Assurance Services
 Types of Audit
 Operational Audit
 Compliance Audit
 Financial Statement Audit
Types of
Auditor
 Certified Public
Accounting Firm
 Government
Accountability Office
Auditors
 Internal Revenue Agents
 Internal Auditors