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 wine. Most brandy including Cognac and Armagnac is distilled from wine made from grapes although there are many eastern european examples of fruit brandies from the likes of plums, cherries and apricots. Some brandy, like grappa, can also made from the skins left over from winemaking.