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3 Cards in this Set
- Front
- Back
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Purpose of Audit |
Provide an opinion on whether f/s are presented fairly, in all material respects, in accordance with f/r framework |
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F/R Framework |
Criteria used to determine Meas, Rec, P, and D of all material items that appear in the F/S. Ex: GAAP, IFRS. Followed by client management, and also sometimes by those responsible for preparing F/S |
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FASAB |
A F/R framework that is followed by government entities. Federal Acctg Standards Advisory Board |
