Auditing Standards and Independence: A Guide for Auditors

School: Arizona Western College - Course: FIN 672 - Subject: Accounting

Auditors must be independent from the client __________. once they write the report on paper eventually in certainty Solution The correct answer is in certainty Wrong Hide solution Question 2 In the opinion, the auditor needs to state if the financial statements are presented in accordance with __________. applicable digital framework the framework of the overseeing professional standards body generally accepted authoring principles last year's data Solution The correct answer is the framework of the overseeing professional standards body Correct Hide solution Question 3 The members of the American Institute of Certified Public Accountants (AICPA) are __________. casual bookkeepers professionals in accounting certified public authors

certified attorneys Solution The correct answer is professionals in accounting Correct Hide solution Question 4 Fieldwork standards for an audit are related to __________. audit procedures crop dusting planting redesigning controls Solution The correct answer is audit procedures Correct Hide solution Question 5 GAAS stands for __________. generally accepted authoring standards best practices for conducting a statement review Generally Accepted Auditing Standards the guidelines an auditor might follow Solution The correct answer is Generally Accepted Auditing Standards Wrong Hide solution