For whom were IAASB International Auditing Standards created?

Q: What are examples of some of the independence requirements by the AICPA concerning external…

A: Independence ensures that auditors don't have any financial interest in the firms in which they are…

Q: Who created the International Auditing Standards?

A:

Q: International Standards on Auditing (ISAs) are issued by the International Auditingand Assurance…

A: International Accounting Standards Board (IASB):   International Auditing and Assurance Standards…

Q: How do IAASB audit standards compare to US audit standards?

A: The International Auditing and Assurance Standards Board (IAASB) is an entity which sets standards…

Q: Explain The role of the IIRC & The integrated reporting under the CPA.

A: integrated reporting is considered to be an important tool in the understanding the relationship…

Q: Which of the following is an authoritative body that the AICPA Code of Professional Conduct…

A: PCAOB ( PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD ):  PCAOB OVERSEE AUDIT OF PUBLIC COMPANIES IN…

Q: Describe the ASB's Clarity Project. Why is this so important for the auditing profession?

A: Auditing Standard Board (ASB) is a board which issues guidelines and rule pronouncements that need…

Q: Are the SMEs who follow IFRS for SMEs require external auditors for their financial statements ?

A: External auditors are certified public accountants who checks the company’s accounts and file their…

Q: ctiveness and audi

A: Given: To explain the association of audit committee effectiveness and quality after adoption of…

Q: What is/are the possible collaboration/s among the Audit Committee, accounting external auditors,…

A: An external audit represents an unbiased examination of the financial statement prepared by the…

Q: describe roles and desirable attributes of fi nancial reporting standard-setting bodies and…

A: The standard setting bodies & regulatory authorities play an important role in developing &…

Q: When developing requirements for IFRS Standards, can the International Accounting Standards Board…

A: SOLUTION- INTERNATIONAL ACCOUNTING STANDARD BOARD-  IT IS AN INDEPENDENT , PRIVATE SECTOR BODY THAT…

Q: The general objectives of international auditing standards a. Defining the responsibilities B. audit…

A: Financial statements are those statements which are prepared at the end of accounting period.…

Q: describe the status of global convergence of accounting standards and ongoing barriers to developing…

A: Accounting standards are the set of concepts and principles that are the basis to perform financial…

Q: Standardize auditing procedures by identifying industry consensus (GAAS). What's the point of GAAS,…

A: The Question deals with standardize auditing procedures by identifying industry consensus (GAAS):

Q: How does AASB come up with Canadian Auditing Standards?

A: The Auditing and Assurance Standards Board (AASB) is an independent body with the authority and…

Q: Provide the objectives for a successful audit program according to ISO9001:2015

A: An audit program according to ISO 9001:2015 is the one which involves commitments, responsibility…

Q: What is the audit committee’s contribution to strategy?

A: An audit committee is a committee which looks after, directs and guides for the financial process,…

Q: Who is responsible for establishing auditing standards foraudits of U.S. public companies? Who is…

A: Public Company Accounting Oversight Board (PCAOB) which oversees the audit of public companies is…

Q: Discuss why we have a dual system of auditing standards in the U.S. (AICPA Auditing Standards…

A: Introduction:  AICPA is a association for the certified public accountants (a professional members…

Q: What are the audit considerations for specialized industries?   *Please do explain elaborately*

A: The management of the company is the main responsible for preparing the financial statements which…

Q: What section of the IAASB are the functions of an external audit located?

A: The general meaning of the term external audit can be understood to any audit which is performed by…

Q: what audit determines whether organizational policies are being followed and whether external…

A: A compliance audit is a thorough examination of a company's conformity to regulatory requirements.…

Q: What is the importance of strategic audit? and its scope.

A: Strategic audits help in making audits effective and efficient. It provides a basis for audit…

Q: What are some advantages of international harmonization of audit standards? List and briefly discuss…

A: Audit: It is a systematic examination of books of accounts of an individual or a firm. It is done by…

Q: Discuss how the setting up of the AOB can enhance the audit quality in Malaysia.

A: AOB is the Audit Oversight board which was established in year 1993 by Securities Commission Act,…

Q: Discuss the role of International Accounting Standards Board(IASB) in bringing harmonization of…

A: Harmonization is the process of bringing nations' accounting standards and practices closer…

Q: who participates in the pre-audit conference, and what topics should be covered

A: The audit is an examination of books of accounts by an auditor and physical verification of…

Q: distinguish between audit, attest, and assurance services. What is GAAS? Which agency is responsible…

A: The shareholders or investors or management have a keen interest in the organization mainly the…

Q: Define generally accepted auditing standards (GAAS). What is the purpose of GAAS?

A: The explanation is provided as follows: