19
2014
Quick Prep Guide for Audit Fieldwork
The purpose of an independent audit is to provide financial statement users with an opinion on whether the financial statements are fairly stated, in all material respects, with the applicable financial reporting framework. To successfully issue the audit report, auditors must gather, analyze and evaluate sufficient, appropriate evidence as directed by the audit procedures. While part of the evidence-gathering process can be done electronically, our teams do spend a fair amount of time with our clients at their place of business examining documents,