Description

The introduction explains that auditing and assurance services play an important role in improving the reliability of financial and business information. Auditors help users of financial statements—such as investors, creditors, and managers—make informed decisions by providing independent evaluations of information and reporting on whether it is presented fairly according to applicable standards.

The authors introduce auditing as a systematic process of obtaining and evaluating evidence about assertions related to economic activities and events. The main purpose is to determine how closely the information being examined matches established criteria, such as accounting standards and regulatory requirements.