Page 4 - Auditinf Electronic System

It is a systematic process of objectively obtaining and evaluating evidence,
regarding Management assertions about the financial statements (the information
being verified), to determine the degree of correspondence between those
assertions and established criteria (applicable financial reporting framework), and

communicate the results to interested parties (users of financial statements).
To add credibility to the information asserted by the entity.

So, there are three main parties of external audit service

Client Management assertions External users
(management) (Audit field) The persons using
Responsible for make and the audit report to
provide the financial take certain decision
statement for external users
(stockholders)

assertions

Criteria Auditor:
The person performing

the audit

According to the pervious definition, we will cover:
1. The kinds of external auditor services
2. The phases of external audit
3. The concept of audit evidence
4. The field of external audit
5. The assertion measurement (criteria)
6. How auditors gather audit evidences? ( i.e: What is the scope of external
audit?)
7. How auditors evaluate audit evidences gathered?
8. What are the management Assertions? And which assertion relates to
specific audit objective?

9. Why is External Auditing a systematic process?

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‫جميع الحقوق محفوظة ـ الإعتداء على حق المؤلف بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية‬