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5 Cards in this Set
- Front
- Back
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Definition of auditing
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Gathering evidence about financial statements to see if they comply with GAAP
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What are the 4 types of opinions an auditor can give
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Unqualified, qualified, adverse or disclaimer
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What is an unqualified opinion
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Financial statements are GAAP, and the audit was GAAS
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What is GAAS
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Generally accepted auditing standards
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What are the three general standards for a GAAS audit
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Auditor must have adequate training and proficiency, auditor must maintain independence in mental attitude, and the auditor must exercise due professional care in the performance of the audit and preparation of the report
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