Bundle: Auditing: A Risk Based-Approach, Loose-leaf Version, 11th + MindTap Accounting, 1 term (6 months) Printed Access Card
Bundle: Auditing: A Risk Based-Approach, Loose-leaf Version, 11th + MindTap Accounting, 1 term (6 months) Printed Access Card
11th Edition
ISBN: 9781337734493
Author: JOHNSTONE, Karla M; Gramling, Audrey A.; Rittenberg, Larry E.
Publisher: Cengage Learning
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Chapter 1, Problem 31RQSC
To determine

Concept Introduction:

Framework for professional decision making− In order to accomplish a quality audit, the auditors need to take several quality decisions during the course of audit. These decisions should be free from bias, in accordance with professional standards, should reasonably meet expectations of users and be based on appropriate audit evidences.

To explain:

The seven steps in the framework for professional decision making

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