The Sample - What Is the Conceptual Framework?

Описание: In this episode of THE SAMPLE Leita Hart-Fanta shares how to apply Conceptual Framework for compromised independence. She goes through the three-step process for whenever your independence has been compromised.
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Welcome to The Sample, a quick discussion of auditing concepts and terms that will help you do your work. Conducting an audit in accordance with auditing standards is no small feat and I want to support you. We'll be referring to the GAO (https://www.gao.gov), IIA (https://na.theiia.org/Pages/IIAHome.aspx) and AICPA (https://www.aicpa.org) literature to bolster our conversations. Let's get started.

In this episode, we answer the question "What is the conceptual framework?" Wow, what a fancy title, right? But it's a three-step process that we apply whenever our independence has been compromised. You know, we're, as auditors, we provide objective, fact-based assessment of what's going on. And whenever that's corrupted, we are to do our best to recognize it and then document our thought process and our effort to resolve it, right?

Read the rest at: https://yellowbook-cpe.com/conceptual...
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