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.
So, brandy is a distilled wine. Cognac is a type of brandy that comes from the Cognac region of France. Generally, due to it being a controlled type of liquor, Cognac is more expensive than brandy.Images Courtesy: 1  Brandy by Maxx1972 (CC BY-SA 3.0). 2  Jacquiot XO (Extra Old) by Armanshow (CC BY-SA 3.0).ognac is a type of brandy that comes from the Cognac region of France. Generally, due to it being a controlled type of liquor, Cognac is more expensive than brandy. Images Courtesy: 1  Brandy by Maxx1972 (CC BY-SA 3.0). 2  Jacquiot XO (Extra Old) by Armanshow (CC BY-SA 3.0).