financial audit

(redirected from Financial statement audit)
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Related to Financial statement audit: operational audit
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.financial audit - an attestation that the client's financial statement is accuratefinancial audit - an attestation that the client's financial statement is accurate
attestation report, attestation service - a consulting service in which a CPA expresses a conclusion about the reliability of a written statement that is the responsibility of someone else
audit, audited account - an inspection of the accounting procedures and records by a trained accountant or CPA
References in periodicals archive ?
Tenders are invited for provide annual financial statement audit services, includes conduct the annual financial statement audit, with the purpose of expressing an opinion on the financial statements of lrcvb in accordance with the generally accepted auditing standards (gaas), as well as the applicable standards contained in the generally accepted government auditing standards (gagas).
The cascading effect of that recognition means the system program managers (PM) and their respective CIOs that they report to, will be held accountable as it pertains to a financial statement audit.
IRS has made progress in improving its internal controls and financial management since its first financial statement audit in 1992, as evidenced by 10 consecutive years of clean audit opinions on its financial statements, the resolution of several material internal control weaknesses, and actions resulting in the closure of over 250 financial management recommendations.
For most local governments, the annual financial statement audit is as much a part of the yearly round of public finance as the approval of the operating budget.
The evaluation is based on knowledge of relevant conditions and events obtained from the auditing procedures performed during a financial statement audit.
The AICPA has issued for public comment proposed Statement on Auditing Standards, Consideration of Fraud in a Financial Statement Audit (Redrafted, which would supersede SAS No.
Representatives from CAQ member firms prepared this publication for use by auditors of public companies when applying certain sections of AU Section 316, Consideration of Fraud in a Financial Statement Audit, of the Public Company Accounting Oversight Board's Interim Auditing Standards.
Most recently, Lori was an audit partner at KPMG, where he was responsible for financial statement audit and advisory services to large corporate clients.
The auditor's responsibility for detecting fraud continues to be viewed as an "expectation gap," two years after the American Institute of Certified Public Accountants (AICPA) issued SAS 99, Consideration of Fraud in a Financial Statement Audit.
They addressed four issues that are currently at the forefront of financial reporting: consolidation of variable interest entities (VIEs), accounting for certain financial instruments with characteristics of both liabilities and equity, the Sarbanes-Oxley Act of 2002, and consideration of fraud in a financial statement audit.
The purpose of this new standard is to enhance the auditor's effectiveness in addressing fraud in a financial statement audit.
In 1988, Statement on Auditing Standards (SAS) 53 defined the auditor's responsibilities for detection of errors and irregularities in a financial statement audit.

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