. . topic
map of accounting and auditing . .
concept > accounting function > audit
/ concept name
|full name, other names
assurance engagement or responsibility,
auditing as a function, role, job, engagement.
|purpose / objectives
purpose of an audit is to enhance the degree of
confidence of intended users in the financial statements -
achieved by the expression of an opinion by the auditor on
whether the financial statements are prepared in
accordance with a specified financial reporting framework.
audit planning . obtaining reasonable
assurance . obtaining audit evidence
. forming an opinion . identifying and
assessing risks of material misstatement .
|is carried out by
document . audit report .
|is constrained by
topic map of accounting and auditing, an ontology
an electronic thesaurus of
accounting and auditing terms comprising a
hierarchy of concepts and their associations AND
an index of accounting and auditing internet
resources and training materials built on the
thesaurus, last modified June 2015,
This page was first published in April 2003; last updated in June 2015.