providing independent professional info, opinion on subject matter or assertion about the subject matter that is the responsibility of another party
providing an opinion on subject matter or an assertion about the subject matter that is the responsibility of another party
a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between the assertions and established criteria and communicating the results to interested users.
refers to a date, normally the client's year-end balance sheet date, around which transactions should be recorded in the proper period
broad-based process of providing statements of financial position, results of operations, changes in cash flows and accompanying disclosure notes to outside decision makers who have no internal source of information.
the probability that the information circulated by a company will be false or misleading
an assurance and consulting activity that provides management with information regarding efficient and effective operations; compliance with laws, regulations, policies, and procedures; and other organizational performance issues designed to reduce risk and add value to the organization
the study of business operations for the purpose of making recommendations about the efficient use of resources, effective achievement of business objectives, and compliance with company policies
an auditor's tendency not to believe management's assertions without sufficient corroboration