The independent professionals of CPAs

Running head: AUDITOR’S ROLES AND RESPONSIBILITIES
Auditor’s Roles and Responsibilities
Name of the Student
Name of the University
Author’s Note

1AUDITOR’S ROLES AND RESPONSIBILITIES
Table of Contents
Requirement 1..................................................................................................................................2
Requirement 2..................................................................................................................................2
References........................................................................................................................................4

2AUDITOR’S ROLES AND RESPONSIBILITIES
Requirement 1
The independent professionals of CPAs provide assurance services in order to enhance
the quality of information provided to the decisions makers. These independent professionals
have no biasness regarding the data examined. The attestation services which the CPAs deliver
are the audit of historical financial statements and internal control auditing. Other assurance
services include increasing reliability of information and putting information into context for
facilitating in decision-making (aicpa.org, 2020).
Two goals of audit of historical financial information are to provide independent
assurance and to ensure true and fair presentation of financial reports which helps in decreasing
material misstatements. Two goals of internal control auditing are to strengthen the internal
control and provide assistance to external auditors so that the audit can be performed better
manner.
Requirement 2
The effectiveness of quality control standards and practices in the accounting profession
can be seen in encouraging the professionals in providing high quality of professional services to
the clients. It ensures that the accounting professionals get continuous training for increasing the
quality of their services. Moreover, the ethical requirements in quality control ensure that the
professionals are independent in action in all the engagement services.
One particular standard associated with quality control is QC Section 20 System of
Quality Control for a CPA Firm’s Accounting and Auditing Practice. This section states that a
quality control mechanism should be there in all the CPA firms in the areas of accounting and

3AUDITOR’S ROLES AND RESPONSIBILITIES
auditing practice while describing the fundamentals of quality control and other essential
substances for effectively designing, implementing and maintaining the system (pcaobus.org,
2020).

4AUDITOR’S ROLES AND RESPONSIBILITIES
References
Audit and Attest Standards, Including Clarified Standards. (2020). AICPA. Retrieved 7 April
2020, from https://www.aicpa.org/research/standards/auditattest.html
QC Section 20 - System of Quality Control for a CPA Firm's Accounting and Auditing Practice.
(2020). Pcaobus.org. Retrieved 7 April 2020, from
https://pcaobus.org/Standards/QC/Pages/QC20.aspx