CCS

Can an Auditor prepare the Financial Statements and then audit them?

Who is responsible for the preparation of the Financial Statements? Management is responsible for preparing and fairly presenting the financial statements under the applicable financial reporting framework. These responsibilities include: Accounting and bookkeeping services comprise a broad range of services, including: Accounting and bookkeeping services that are routine or mechanical: Examples of services that might […]

What are the Fundamental Principles of Professional Ethics?

The ethical conduct of professional accountants and auditors is controlled by a set of criteria they must conform to. Auditors have a direct responsibility to the shareholders of a reporting entity (because auditors are appointed by the shareholders, not by management), but it is generally accepted that the fundamental principles of professional ethics do not […]

What Function Does the International Auditing and Assurance Standards Board(IAASB)Play?

The International Auditing and Assurance Standards Board, also known as the IAASB, is responsible for setting the International Standards on Auditing (ISAs). It is an independent body that sets international standards of high quality on aspects of: The International Auditing and Assurance Standards Board were established in March 1978. Before that, it was known as […]

Exploring The IESBA Code Installment 10 – Pressure to Breach the Fundamental Principles

Exploring The IESBA Code Installment 10 – Pressure to Breach the Fundamental Principles – PDF Exploring The IESBA Code Installment 10 – Pressure to Breach the Fundamental Principles 1. Because of the wide range of professional services that Professional Accountants (PAs) perform, they may be under pressure from a client, supervisor, or other individuals (for […]

Exploring The IESBA Code Installment 12 – The Building Blocks Installment

1. The International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code) sets out the fundamental principles of ethics for professional accountants (PAs), reflecting the profession’s public interest responsibility. The principles apply to all PAs irrespective of their roles and responsibilities. 2. Together with the Code’s conceptual framework, the principles provide a […]

Exploring The IESBA Code Installment 1 – The Five Fundamental Principles

1. To maintain the highest level of trust in accountancy and ensure that the work of accountants, tax advisers, insolvency practitioners, and auditors is of the best caliber, they must adhere to the highest standards of professional conduct. 2. Therefore, the Code of Ethics and its obligations are a crucial part of the accounting profession’s […]

Exploring The IESBA Code Installment 2 – The Conceptual Framework – Step 1

1. When undertaking audits, reviews, and other assurance engagements, auditors and assurance practitioners are required to maintain independence. 2. They, too, must employ the conceptual framework in order to identify, evaluate, and address threats to independence. 3. Join our Telegram 👉 https://t.me/YourAuditor/2535 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻 1. 在进行审计、审查和其他鉴证业务时,审计师和鉴证从业人员必须保持独立性。 2. 他们也必须采用概念框架,以鉴定、评价和处理对独立性的威胁。 3. 加入我们的 Telegram 群 👉 https://t.me/YourAuditor/2535 🌳🌳🌳🌳🌳🌳🌳🌳🌳🌳🌳🌳 EXPLORING […]