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Write a 700- to 1,050-word paper in which you explain the nature and
functions of auditing. Relate your explanation to the audit functions in
your organization, or an organization with which you are familiar. In
your paper, be sure to address the following:
Describe the elements of the Generally Accepted Auditing
Standards (GAAS).
Describe how these standards apply to financial, operational,
and compliance audits.
Explain the effect that the Sarbanes -Oxley Act of 2002, and the
Public Company Accounting Oversight Board (PCAOB), will have on
audits of publicly traded companies.
Discuss the additional requirements that are placed on auditors
from this Act, and the actions of the PCAOB.
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ACC 491 Week 2 DQ 1
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