#cfa-level-1 #reading-22-financial-statement-analysis-intro
Under international standards for auditing (ISAs), the objectives of an auditor in conducting an audit of financial statements are
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To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, thereby enabling the auditor to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework; and
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To report on the financial statements, and communicate as required by the ISAs, in accordance with the auditor’s findings.8
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3.1.7. Auditor’s Reportsed States, specify their own auditing standards. With the enactment of the Sarbanes–Oxley Act of 2002 in the United States, auditing standards for public companies are promulgated by the Public Company Accounting Oversight Board.
<span>Under international standards for auditing (ISAs), the objectives of an auditor in conducting an audit of financial statements are
To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, thereby enabling the auditor to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework; and
To report on the financial statements, and communicate as required by the ISAs, in accordance with the auditor’s findings.8
Publicly traded companies may also have requirements set by regulators or stock exchanges, such as appointing an independent audit committee within its board of dir Summary
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