TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Cost Audit Standard CAAS 104: Understanding Client's Business and Risks for Effective Cost Statement Auditing</h1> The Cost Audit and Assurance Standard (CAAS 104) focuses on the cost auditor's need to understand the client's business, processes, and environment to effectively audit cost statements. It outlines the auditor's required knowledge level, including general economic and industry understanding and specific operational insights. The standard defines key terms like audit, auditee, and audit risk, emphasizing the importance of understanding internal controls, IT environments, and risk assessment processes. It details the auditor's responsibilities in identifying and assessing risks of material misstatement and understanding the entity's cost information systems. The standard applies from April 1, 2013.
TaxTMI 
TaxTMI 
