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GAO 04 667G Financial Audit Manual  Form

GAO 04 667G Financial Audit Manual Form

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[Music] public companies the ones traded on the stock exchanges have to put out an annual report with financial statements showing how they did the year before here's how it works the companies prepare their financial statements then I come in Ledger lines independent external auditor Johnny Law the SEC says I got to check the numbers and those financial statements and issue an opinion in writing it's independent the chair of the company's audit committee it's go time the audit committee is an independent group of the company's board of directors we're responsible for hiring the external auditor to perform the audit in ance with Professional Standards which include being skeptical and objective we're also responsible for providing independent oversight of the company's financial reporting and internal controls and man Ledger is one skeptical guy I report to Indie and the audit committee throughout the audit if I have a con

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