Chapter 1 "Auditing and assurance services". This chapter define information risk and explain how the financial statement auditing process helps to reduce this risk, thereby reducing the cost of capital for a company; define and contrast financial statement auditing, attestation, and assurance services; describe and define the assertions that management makes about the recognition, measurement, presentation, and disclosure of the financial statements and explain why auditors use them as the focal point of the audit. | Lecture Auditing & assurance services (5th edition) - Chapter 1: Auditing and assurance services
