Which of the following best describes what is meant by generally accepted auditing standards?
A)Audit assertions generally determined on audit engagements.
B)Acts to be performed by the auditor.
C)Standards of quality for the auditor's performance.
D)Procedures to be used to gather evidence to support financial statements.

Question

Quizplus · Accepted Answer

Generally accepted auditing standards (GAAS) refer to the standards of quality for the auditor's performance. These standards provide guidance to auditors on their professional responsibilities during an audit engagement, such as planning and performing the audit, gathering evidence, and reporting the findings. GAAS also includes ethical principles that guide auditors on their behavior, objectivity, and independence.

Which of the Following Best Describes What Is Meant by Generally