Using the text and other sources you choose to bring in, provide answers to the questions below and submit your work as a 2 – 4 page Word document in apa format. Except where direct quotes are clearly cited per APA guidelines.
Discuss the major factors in todays economy that have made the need for independent audits much greater than it was 50 years ago.
List and thoroughly describe the four major types of audit services CPA’s perform. Select the one you believe is most important and explain why.
What roles does the SEC perform? What is their relationship to auditing?
Thoroughly describe and distinguish between generally accepted auditing standards and generally accepted accounting principals.
What is the relationship between international Standards on auditing and U.S Generally accepted Auditing Standards? How might it evolve in the future?