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Essay

The Big 5 Audit Organizations:

Essay specific features

 

Issue:

Business

 

Written by:

Joanne S

 

Date added:

March 2, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

15 / 4093

 

Was viewed:

7934 times

 

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Essay content:

The AICPA has identified 10 GAAS standards. The first three Standards are called General Standards and are listed below. 1. The auditor must have adequate training and proficiency to perform the audit. 2. The auditor must maintain independence in mental attitude in all matters relating to the audit...
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The auditor must exercise due professional care in the performance of the audit and the preparation of the report. A fourth Standard is missing and results in the organizations corruptness, deceptive and often illegal acts, often with no consequences. This paper will enlighten readers to the need of a 4th General Standard! Is there a missing General Standard for Auditing? Who are the Big 5 Audit organizations and do they have integrity, ethics, and honesty? This paper will discuss some activities the largest Auditing firms have been associated with over the past seven years...
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