An important requirement of the auditing standards is that the auditor
A)have no contact with the audit committee of the board of directors
B)use the work of the internal audit staff
C)assist management in the preparation of the financial statements
D)gather sufficient appropriate evidence

Question

Quizplus · Accepted Answer

Gathering sufficient appropriate evidence is one of the fundamental requirements of auditing standards. This means that the auditor must obtain enough evidence to support their opinion on the financial statements, and the evidence must be relevant and reliable. Choices A and C are incorrect because the auditor should have communication with the audit committee and should not assist management in preparing the financial statements to maintain independence. Choice B is incorrect because using the work of internal audit staff is optional, not a requirement.

An Important Requirement of the Auditing Standards Is That the Auditor