financial audit

(redirected from Financial statement audit)
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Related to Financial statement audit: operational audit
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Words related to financial audit

an attestation that the client's financial statement is accurate

References in periodicals archive ?
Federal government financial statement audits test the IT systems using the Federal Information System Control Audit Manual (FISCAM) which is based on the NIST SP 800-53.
Categories: June 30, 2010, Accounting, Agency evaluation, Auditing procedures, Auditing standards, Documentation, Financial analysis, Financial management, Financial records, Financial statement audits, Financial statements, Information management, Internal audits, Internal controls, Materiality, Monitoring, Performance measures, Reporting requirements, Tax administration
The financial statement audit is designed to vouch for the reliability of the financial statements, not the soundness of the finances they portray.
It provided guidance on the consideration of material fraud in a financial statement audit.
Last year, as a part of its response to the panel's recommendations, the Auditing Standards Board (ASB) issued an exposure draft, "Consideration of Fraud in a Financial Statement Audit," intended to supersede SAS 82.
SAS 82, titled Consideration of Fraud in a Financial Statement Audit that is effective this year, requires that auditors "prepare a plan and perform an audit to obtain reasonable assurances about whether the financial statements are free of material misstatement; whether caused by error or fraud.
The Knowledge-Based Audit (KBA) is a risk-based audit methodology that emphasizes using knowledge of the entity to make the risk assessments in connection with a financial statement audit.
Contract award notice: about sworn auditor service of jsc "latvian state forests" financial statement audit.
The bill would have replaced the requirement that FHA correspondent lenders and mortgage brokers have a financial statement audit with a surety bond.
To promote greater comprehension of a user's understanding of the nature of a financial statement audit or the level of assurance that can be derived from an audit, the AICPA, the American Accounting Association and the International Auditing and Assurance Standards Board have joined forces to launch a research initiative that will provide a better understanding of users' perceptions of an unqualified auditor's report.
55, Consideration of the Internal Control in a Financial Statement Audit, as Amended.
Consideration of Fraud in a Financial Statement Audit, identifies 25 risk factors within three categories that auditors should consider when assessing the risk of management fraud in a financial statement audit.
99, Consideration of Fraud in a Financial Statement Audit, should find helpful the nearly 130 pages of illustrative policies and procedures in the section titled "Internal Control Analysis, Documentation and Recommendations"; the material also is available on a companion Web site.
99, Consideration of Fraud in a Financial Statement Audit, provides guidance that has the potential to improve audit quality in detecting material financial misstatements, additional guidance may be needed to assist forensic accountants, audit committees, financial statement audit teams and others who use the services of forensic accountants, the AICPA says.
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