The Center for Audit Quality (CAQ), a special interest group that lobbies for and promotes the audit industry, has issued a second video, “The Financial Statement Audit.”
These videos are appropriate for high school and college students taking introduction to financial accounting, who desire to learn a few simple basics about what auditors do.
As you would expect, the videos provide no discussion of how the audit profession is attempting to deal with the many intractable problems limiting auditor effectiveness. In the videos, auditors are vigilant servants of the public interest who never fail.
The first video in the series was called, “The System of Investor Protection.”
Thanks to Bob Jensen for the tip.
Debit and credit – – David Albrecht