Audit
Submitted by NEGRAMORADO on November 2, 2011
- Category: Business
- Words: 438
- Pages: 2
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Audit
Audit week 7
SEC has influence this audit. The auditor team needs to follow some standards or would be sanctioned. The firm followed the audit standards to establish the auditor’s independence. The auditor must be independent, is one the ethical principles of the American institute of certificate public accountants. There is also responsibilities, the public interest, objectivity, integrity, due care and scope of nature services. Team members are required to be objective and independent with regard to the audit. The team needs to be objective and be free of conflict. These SEC standards can be use for public and non public companies.
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