Securities and Exchange Commission
Proper planning and supervision
Designing additional auditing procedures to obtain more reliable evidence in support of a particular financial statement assertion
determine whether the financial statements fairly present the entity’s operations.
Issuing a modified report explaining a failure to follow a governmental regulatory agency’s standards when conducting an attest service for a client
maintain public confidence in the profession.
An auditor may not draft an entity’s financial statements based on information from management’s accounting system.
Services related to confidential tax transactions