Tímarit um endurskoðun og reikningshald - 01.01.1976, Side 50

perpetrating irregularities, which will re-
quire better communication within the
profession concerning such methods; and
(3) recognition of the unique aspects of
particular industries and types of business.
Attention is also required in the applica-
tion of auditing procedures to recognize
the unique aspects of a particular client
and to recognize when to extend procedu-
res.
Other areas requiring renewed attenti-
on by the AICPA include effort to re-
move the negative tone of auditing pro-
nouncements on the auditor’s responsibili-
ties and efforts to provide additional gui-
dance on matters such as identifying red
flags and when to report the potential
existence of irregularities and to whom.
When we have done those things we
will be in a better position to explain the
auditor’s responsibilites to others includ-
ing clients. the financial press and users
of audited financial statements.
„Copyright 1975 by the American In-
stitute oj Certijied Public Accountants
Inc.“
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