The Statements on Auditing Standards issued by the Auditing Standards Board
A) are regarded as authoritative literature.
B) mandate the amount of evidence that must be obtained.
C) must be followed in all situations.
D) are optional guidelines which an auditor may choose to follow or not follow when conducting an audit.

Question

Quizplus · Accepted Answer

The Statements on Auditing Standards issued by the Auditing Standards Board are regarded as authoritative literature, and auditors are expected to follow them when conducting an audit. However, they do not mandate a specific amount of evidence to be obtained, nor are they optional guidelines that an auditor may choose to follow or not follow.

The Statements on Auditing Standards Issued by the Auditing Standards