How does the auditors responsibility for detecting errors, Ask an Expert

Accounting

1. How does the auditor's responsibility for detecting errors differ from their responsibility to detect fraud?

2. How do management's responsibilities and the auditors' responsibilities differ in terms of the financial statements presented?

3. What are the similarities and differences between evidence in a legal case and evidence in an audit of financial statements?

4. What is an audit procedure? Why is it important for audit procedures to be carefully worded?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M951063

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