The three PCAOB standards of fieldwork are concerned with
A) Planning and supervision and understanding the auditee's internal control system.
B) Choosing evidence with due professional care.
C) Adequate training to understand the auditee's internal controls system.
D) Ensuring consistency in financial statements for periods presented.

Question

Quizplus · Accepted Answer

The three PCAOB standards of fieldwork are (1) Planning and supervision, (2) Understanding the auditee's internal control system, and (3) Evidence gathering and documentation. Choice A correctly identifies the first two standards. Choice B only identifies one of the three standards, and choice D is not related to the PCAOB standards of fieldwork. Choice C mentions training, but this is not one of the three specific standards of fieldwork identified by the PCAOB.

The Three PCAOB Standards of Fieldwork Are Concerned with