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In auditing, keeping a independent mental attitude involves "professional skepticism". While an auditor should not assume that everything management says is a lie, he also shouldn't assume that everthing management tells him can be relied upon as true without any need for independent verification by the auditor. An auditor often deals with management, but his duty is not to the audited company's management, but rather to the directors, owners and potential future owners of a company, who will rely on the audited financial statements to make decisions about investment in the audited company.
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What is meant by an independent mental attitude in auditing professional?
An independent mental attitude in auditing refers to the auditor's ability to maintain objectivity and impartiality throughout the audit process. This involves critically assessing evidence, making unbiased judgments, and avoiding any influences that could compromise their professional integrity. Such an attitude ensures that auditors can provide fair and accurate assessments of financial statements, fostering trust in their findings and recommendations. Ultimately, it is essential for upholding the credibility of the auditing profession.
What is meant by auditing?
auditing is a review process,usually of accounting procedures
What is meant by auditing around the computer?
Auditing around the computer refers to the practice of evaluating an organization's financial and operational processes without directly examining the computer systems or software that support those processes. Instead, auditors focus on the outputs and results generated by the systems, often using alternative methods such as manual checks or external documentation to assess accuracy and compliance. This approach can help identify discrepancies or issues that may not be visible through system-based audits alone. However, it may not provide a complete understanding of potential risks associated with the underlying IT systems.
What is meant by payroll administration?
hi. what is meant by payroll system
What is meant by debit balance of a party?
What is meant by debit balance of a party?
What is meant by an independent mental attitude in auditing professional?
An independent mental attitude in auditing refers to the auditor's ability to maintain objectivity and impartiality throughout the audit process. This involves critically assessing evidence, making unbiased judgments, and avoiding any influences that could compromise their professional integrity. Such an attitude ensures that auditors can provide fair and accurate assessments of financial statements, fostering trust in their findings and recommendations. Ultimately, it is essential for upholding the credibility of the auditing profession.
What is meant by auditing?
auditing is a review process,usually of accounting procedures
What is meant by 'your attitude'?
The way you act and respond to others .
Jackson's attitude toward nullification was to?
Andrew Jackson was devoted to the Union. This meant that his attitude toward nullification was negative, and he opposed it.
What is meant by the independence?
Independence is the state of being independent. A country is independent if it is self governing.
What does mental rehearsal mean?
its meant for a sport i think
What is meant by the term independence?
Independence is the state of being independent. A country is independent if it is self governing.
What is meant by the term perspective when referring to history?
perspective is the attitude to which a person has to the past events related around him and the World
What is a SAS 99 or what is meant by it?
An SAS 99 is part of the auditing standards. It is one of the rules which requires auditors to look for any signs of fraud throughout the process and take action where needed.
What is the synonym for the word dispostion?
I think you meant disposition which means arrangement or movement of something.
When you went to school you studied your lessons Is this sentence independent or dependent?
All sentences are by definition independent. I suspect that what you meant to ask was whether "When you went to school you studied your lessons" is a dependent or independent clause. Since it is a complete sentence, it can also be construed as an independent clause.
What do you think Ruggiero means by creativity is an expression of mental health?
Ruggiero was mysterious, but he was also on to something. When he said that sentence he meant it by using the paintings to diagnose mental disorders in patients.
