Generally Accepted Auditing Standards Paper

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Write a 700- to 1,050-word paper in which you explain the nature and functions of auditing. Relate your explanation to the audit functions in your organization, or an organization with which you are familiar. In your paper, be sure to address the following:

Describe the elements of the Generally Accepted Auditing Standards (GAAS).

Describe how these standards apply to financial, operational, and compliance audits.

Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies.

Discuss the additional requirements that are placed on auditors from this Act, and the actions of the PCAOB.

****APA FORMAT****

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Generally Accepted Auditing Standards PaperGenerally Accepted Auditing Standards PaperACC 491January 23, 2012Santos Alarcon, Jr.1Generally Accepted Auditing Standards Paper2Generally Accepted Auditing Standards PaperThis paper will duvet the nature and additional items of evaluating, the portions of as ageneral rule licensed Auditing essentials (GAAS), how GAAS applies to overviews, and theoutcome that the Sarbanes-Oxley Act and the overall population organization AccountingOversight Board (PCAOB) has on reviews of traded on an open exchange segment affiliations.Quite often surely understood keeping an eye on particulars (GAAS) are "basically themost generally saw surveying benchmarks identified with people all things consideredbookkeeping calling" (Boynton and Johnson, 2006, p. 50). GASS adds to the last destinations ina budgetary elucidation review. There are ten benchmarks that have been upheld by means of theAICPA inside of the 1940s. Building up now and into the not so distant GAAS has beenconverted into the declaration of Auditing necessities (SAS).There are three fundamental measures, which identify with the evaluator's abilities andthe most ideal method for the controller's work. The three elements are as indicated by the goingwith:1. The review is to be performed by utilizing a man or people having abundant technicaltraining and capacity as a presentation.2. In all worries with regards to the task, autonomy in mental outlook is to be set
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