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Wiley CPAexcelApril 2017 Lesson List AUD Auditing and Attestation I. Ethics, Professional Responsibilities, and General Principles AICPA Code of Professional ConductIntroduction and PrefaceMembers
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01
Gather all the necessary financial records and documents, including income statements, balance sheets, and cash flow statements.
02
Review the financial records and ensure they are accurate and complete.
03
Determine the audit objectives and scope, including which areas of the financial statements will be audited.
04
Analyze the internal controls in place to ensure the accuracy and reliability of the financial statements.
05
Conduct substantive tests to verify the accuracy of the financial records.
06
Document the findings and conclusions of the audit.
07
Prepare the audit report to present the findings and conclusions to stakeholders.
08
Follow up on any identified issues or recommendations from the audit.

Who needs aud auditing and attestation?

01
Auditing and attestation is needed by various entities and individuals, including:
02
- Publicly traded companies that are required by law to submit audited financial statements to regulatory authorities.
03
- Non-profit organizations that need to assure donors and other stakeholders about the proper management of funds.
04
- Banks and financial institutions that require audited financial statements for loan approvals.
05
- Government agencies that need to ensure accountability and transparency in the use of public funds.
06
- Private companies that want to enhance their credibility and demonstrate transparency to investors and business partners.
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Aud auditing and attestation is the process of examining and verifying financial information and reports to ensure accuracy and compliance with regulations.
Companies and organizations that are required to have their financial statements audited by a licensed auditor are required to file aud auditing and attestation.
Aud auditing and attestation forms can be filled out by providing detailed financial information, supporting documentation, and any other required information to the auditor.
The purpose of aud auditing and attestation is to provide assurance to stakeholders that the financial information presented is accurate and reliable.
Information such as financial statements, management assertions, audit findings, and any material misstatements must be reported on aud auditing and attestation.
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