Auditing Cases 6th Edition by Mark Beasley,Frank Buckless,Steven Glover,Douglas Prawitt

تمرين 1

The following requirements relate to Ms. Stitt's testimony about the concept of reasonable assurance:
[a] Research the auditing standards for "reasonable assurance" and provide your assessment as to the accuracy of Ms. Stitt's description of that concept in her testimony.
[b] Ms. Stitt testified that audit evidence is often not conclusive. Describe professional standards requirements related to the need to collect audit evidence and provide a summary of what is meant by "sufficient appropriate audit evidence."
[c] As part of Ms. Stitt's testimony, she describes auditor responsibility for detecting material misstatements due to fraud. Review auditing standards requirements related to auditor responsibilities for detecting material misstatements due to fraud and assess whether her testimony is consistent with auditing standards.