The AICPA's Statements on Auditing Standards can be described as:
A)providing very specific guidance about the specific activities an auditor must perform on each engagement.
B)similar to financial accounting standards in that they are developed by the government.
C)tend to be general in nature and require a great deal of professional judgment.
D)providing assurance that an auditor will not issue an incorrect opinion.

Question

Quizplus · Accepted Answer

The AICPA's Statements on Auditing Standards provide general guidance that requires professional judgment to be applied. They do not provide specific details about the activities an auditor must perform, nor are they developed by the government. While they aim to ensure that auditors issue the correct opinion, they do not guarantee this outcome.

The AICPA's Statements on Auditing Standards Can Be Described As