Under PCOAB auditing standards, the primary auditor issuing the opinion on the financial statements is called the
A) component auditor.
B) principal auditor.
C) group engagement partner.
D) majority auditor.

Question

Quizplus · Accepted Answer

According to PCOAB standards, the primary auditor issuing the opinion on the financial statements is called the principal auditor. The component auditor is the auditor of a subsidiary, division, or component of an entity whose financial information is included in the financial statements audited by the principal auditor. The group engagement partner is the auditor responsible for the group audit engagement and the majority auditor is not a term defined by PCOAB standards.

Under PCOAB Auditing Standards, the Primary Auditor Issuing the Opinion