Auditing For Dummies Quotes

“Auditing is the process of systemically gathering enough evidence to support the facts that a client shows on any company-generated report, especially its financial statements.”
― Maire Loughran, Auditing For Dummies

“Audit risk is the possibility that you'll provide an inappropriate opinion on the financial statements you're auditing.”
― Maire Loughran, Auditing For Dummies

“Forensic auditing: These auditors sniff out fraud and other crimes. Forensic means "of the law," and forensic auditors often discover information that's used as litigation support — to help attorneys make their cases.”
― Maire Loughran, Auditing For Dummies

“The big four CPA firms — KPMG, Ernst & Young, PricewaterhouseCoopers, and Deloitte — conduct the majority of all global audits of public companies (those that sell their stock on exchanges such as the NASDAQ).”
― Maire Loughran, Auditing For Dummies

“Attestation (see Chapter 18) is an engagement where you issue a report on a subject”
― Maire Loughran, Auditing For Dummies

“business-to-business (B2B) and business-to-consumer (B2C) commerce”
― Maire Loughran, Auditing For Dummies

“auditing concepts: materiality, audit risk, evidence, and sampling.”
― Maire Loughran, Auditing For Dummies

“audit risk, which is the risk that you won't issue an appropriate opinion about your client's financial statements.”
― Maire Loughran, Auditing For Dummies