Which of the following statements best describes the primary purpose of Statements on Auditing Standards?
A)They are guides intended to set forth auditing procedures which are applicable to a variety of situations.
B)They are procedural outlines which are intended to narrow the areas of inconsistency and divergence of auditor opinion.
C)They are authoritative statements,enforced through the Code of Professional Conduct.
D)They are interpretations which may be useful guidance to auditors.

Question

Quizplus · Accepted Answer

The primary purpose of Statements on Auditing Standards is to provide authoritative guidance on generally accepted auditing standards (GAAS) for auditors to follow in the performance of their duties. They are enforceable through the Code of Professional Conduct, making choice C the correct answer. Choices A, B, and D are partially correct but do not accurately reflect the primary purpose of Statements on Auditing Standards.

Which of the Following Statements Best Describes the Primary Purpose