Can auditors set up the financial statements for their clients ?
The answer will be No.
As described recently, the nature and the responsibility of an auditor is to examine, to review the financial statement prepared by the clients is not materially misstated. Auditors are the private detectives.
As described recently, the nature and the responsibility of an auditor is to examine, to review the financial statement prepared by the clients is not materially misstated. Auditors are the private detectives.
Self-review threat to help auditors' in dependency would be designed if auditors are checking on what the auditors themselves are preparing. Auditors are suppose to be exercise its professional due care ( in providing integrity) & competence to guarantee the accuracy of the Financial Statements.
Elmer Tamayo is the author of myaccountinginfo.net who took-up his degree of "BS in Accountancy" major in accounting. A Web designer and blogger, His passion is Reading books, searching new tech update on the world wide web. Read More...
