These all require to be based on the United States.
Question 1. What are SASs, and what is the process for their issuance?
Question 2. Under common law, a CPA may be liable to a client. Explain how an auditor may breach a contract.
Question 3. Identify how the Sarbanes-Oxley Act of 2002 changed the audit environment for auditors.
Question 4. What is the overall objective of the financial statement audit?
Question 5. Explain what is meant by understanding the entity's industry, regulatory environment, and other factors and explain how the auditor uses this knowledge in understanding the risk of material misstatement.