Ethical framework on a C.P.A.'s independence as an Auditor for a Bank
A CPA will be subject to rules and regulations established by the AICPA. There is a total of ten standards categorized into three groups. These include general standards, standards of field work and standards of reporting. General standards require the auditor to maintain independence, have adequate proficiency and training to perform a job and to exercise due professional care in the entire audit process. There are three standards of field work that relate to the actual audit. They include requirements that the auditor must plan adequately for Continue reading...
