Auditing Standards [WLO: 3] [CLOs: 1, 2, 3, 6] Prior to beginning work on this discussion forum, read Chapters 11

Week 5 – Discussion 2

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Auditing Standards [WLO: 3] [CLOs: 1, 2, 3, 6]

Prior to beginning work on this discussion forum, read Chapters 11, 12, and 13 in the text.

Describe which organizations have authority over government and not-for-profit auditing standards. There are four categories of professional engagements: financial audits, attestation engagements, performance audits, and non-audit services. Explain in your own words what each of these audit types involves, and give an example of each to illustrate.