Basics of Auditing
Who do auditors primarily serve?
Shareholders, investors, and stakeholders
Name the 5 different types of Audits
1. Financial Statement audit
2. Compliance audit
3. Performance audit
4. Comprehensive audit
5. Internal Audit
What are the 3 levels auditors look at to get to know their client?
1. Entity level
2. Industry level
3. Economic (economy) level
What 3 traits or skills should an auditor have?
1. Professional Judgement
2. Professional skepticism
3. Due Care
What is the purpose/roll of the Office of the Auditor General of Canada?
They ensures government accountability by auditing federal programs, operations, and finances.