Which of the following best describes what is meant by the term "generally accepted auditing standards"?
A)Procedures used to gather evidence to support the accuracy of a client's financial statements
B)Measures of the quality of an auditor's conduct carrying out professional responsibilities
C)Professional pronouncements issued by the Auditing Standards Board
D)Rules acknowledged by the accounting profession because of their widespread application

Question

Quizplus · Accepted Answer

Measures of the quality of an auditor's conduct in carrying out professional responsibilities best describe "generally accepted auditing standards." These standards serve as guidelines for auditors to ensure their work meets a certain level of quality and ethical conduct.

Which of the Following Best Describes What Is Meant by the Term