Audit quality refers to the likelihood of an audit detecting and correcting material misstatements. It is crucial for ensuring the accuracy and reliability of financial statements.
Understanding Material Misstatements and Their Impact on Financial Decision-Making
Understanding the distinction between positive and negative assurance, their roles in financial audits, review engagements, and their implications for stakeholders.
Detailed examination of substantive procedures in auditing, designed to detect material misstatements at the assertion level.
