Can investors be confident that if the financial statements of different companiesare accurate and are prepared in accordance with GAAP, the data reported by onecompany will be comparable to the data provided by another?

Can investors be confident that if the financial statements of different companiesare accurate and are prepared in accordance with GAAP, the data reported by onecompany will be comparable to the data provided by another?

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter2: Audits Of High-risk Accounts

Section2.7: Bankrate, Inc.

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Concept explainers

Audit Procedures

Audit Procedures are methods and techniques performed by the auditor to determine the quality of financial information of clients, thereby expressing an opinion on true & fair view of financial statements and entity position. They are identified and applied at the planning stage of audit after determining audit objectives, scope, approach, and risk assessment.

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Can investors be confident that if the financial statements of different companies
are accurate and are prepared in accordance with GAAP, the data reported by one
company will be comparable to the data provided by another?

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Audit procedures for items of Financial Statement

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