ISAs, GAAS, and SASs should be looked upon by practitioners as:
A) minimum standards of performance that must be achieved on each audit engagement.
B) benchmarks to be used on all audits, reviews, and compilations.
C) maximum standards that denote excellent work.
D) ideals to work towards, but which are not achievable.

Question

Quizplus · Accepted Answer

ISAs (International Standards on Auditing), GAAS (Generally Accepted Auditing Standards), and SASs (Statements on Auditing Standards) are considered minimum standards of performance that auditors are required to meet on each audit engagement to ensure the quality and consistency of the audit work performed.

ISAs, GAAS, and SASs Should Be Looked Upon by Practitioners