This document provides an introduction to auditing historical financial information. It defines auditing and distinguishes it from accounting. Auditing involves objectively obtaining and evaluating evidence to determine if assertions match established criteria, while accounting focuses on recording and summarizing economic events. 

The document outlines the theoretical framework of auditing, including requirements for independence, effective internal controls, consistent application of standards, and benefits to the public. It describes different types of audits based on objectives, such as financial statement, operational, compliance, and governmental audits. Financial statement audits determine if financials follow criteria like GAAP, while operational audits evaluate efficiency and effectiveness. Compliance audits check that entities follow relevant rules and regulations.

REVIEWER2 - Introduction To Audit of Historical Financial Information PDF

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