An in-depth look into the purpose and different types of audit tests, including compliance tests and substantive tests, which are crucial for assessing the accuracy and completeness of financial statements.
An auditor's certificate, opinion, or report is an official document issued by an independent auditor asserting the accuracy and fairness of an organization's financial statements.
The Government Accountability Office (GAO) is the audit and investigation department of the U.S. Congress, established in 1921. The GAO’s mission is to carry out financial and performance audits of government organizations and programs.
A judgment sample is a determination by an auditor, based on personal experience and familiarity with the client, of the number of items, as well as the particular items, to be examined in a population. This function allows the accountant to maintain objectivity and thoroughness in testing the sampled items for accuracy.
Public accounting refers to the services provided by Certified Public Accountants (CPAs) to a variety of clients including individuals, businesses, governments, and non-profits. It involves independent auditing and results in the issuance of an accountant's opinion or auditor's report.
An independent body established in 1946 to provide external audit services to the UN General Assembly. This involves certifying the accounts of the UN and its funds and programs, and providing a wide range of financial, managerial, and value-for-money audits.
