The Responsibilities section of Principles Underlying an Audit Conducted in Accordance with GAAS recognizes that regardless of how capable an individual may be in other fields, the individual cannot meet the requirements of the auditing standards without the proper:
A)business and finance courses.
B)quality control and peer review.
C)education and experience in auditing.
D)supervision and review skills.

Question

Quizplus · Accepted Answer

The Responsibilities section of Principles Underlying an Audit Conducted in Accordance with GAAS emphasizes the importance of education and experience in auditing as an essential requirement for individuals to meet the standards of auditing. While quality control, peer review, business and finance courses, supervision, and review skills are also critical factors in performing quality audits, none of them alone can compensate for a lack of education and experience in auditing. Therefore, choice C is the best answer.

The Responsibilities Section of Principles Underlying an Audit Conducted in Accordance