Auditing Theories

Explain how the Utilitarian and Rights theories can be used in establishing a framework to supporting an audit.

What are the key principles of the American Institute of CPAs (AICPA's) rules of conduct.

Compare and contrast the rules of AICPA rules to International Ethics Standard Board for Accountants (IESBA).

Introduction

The purpose of auditing is increasing the confidence of people who want to do investment. In order to check the financial statement of listed companies, auditing become more and more important in the society. The people cannot know more the situation about listed companies, so they use auditors' report to think their investment. However, with more and more scandals about auditing, many people think whether external auditors' reports provide...