What organizations are responsible for establishing U.S. auditing standards used by CPA firms when auditing financial statements prepared by organizations based in the U.S.?

You have been asked to make a presentation in your International Business class about how globalization is impacting the auditing profession. In preparation, you met with your auditing professor and discussed these questions: a. What organization is responsible for establishing auditing standards internationally? b. What organizations are responsible for establishing U.S. auditing standards used by […]

Identify ways in which a financial statement audit adds value for clients.List services other than audits that Czarnecki and Hogan likely provides.

Dave Czarnecki is the managing partner of Czarnecki and Hogan, a medium-sized local CPA firm located outside of Chicago. Over lunch, he is surprised when his friend Juarez Foley asks him, “Doesn’t it bother you that your clients don’t look forward to seeing their auditors each year?” Dave responds, “Well, auditing is only one of […]

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