This section prescribes the nature and extent of the consideration an independent auditor should give to the possibility of illegal acts by a client in an audit of financial statements in accordance with generally accepted auditing standards.
Brandy comprises a wide category of spirits, including South American pisco, Italian grappa, German kirsch (made from cherry juice), and American applejack (made from apple cider)-as well as the famous French brandy, Cognac, which is considered one of the finest spirits in the world.
Brandy is distilled from the base wine in two phases. In the first, large part of water and solids is removed from the base, obtaining so-called low wine, basically a concentrated wine with 28â30% ABV. In the second stage, low wine is distilled into brandy.