APA Research Paper

Generally Accepted Auditing Standards

General Standards

(1) The audit should have been performed by a person or persons having satisfactory technical training as an auditor experiences. It was not suitable for Jones to hire the students to conduct the audit. The audit should have been completed by experienced proper educated in the field of auditing. (2) An independent in professional ethical attitude is to be maintained by the auditor or auditors. Due to the financial interest in whether the bank loan is granted Jones is not independent.

(3) Professional attention and caution should have been exercised in the planning and ...