Audits of OCBOA financial statements are subject to
A)general standards only.
B)general standards and standards of fieldwork only.
C)general standards,standards of fieldwork,and reporting standards.
D)none of the audit standards.

Question

Quizplus · Accepted Answer

OCBOA financial statements are subject to general standards, standards of fieldwork, and reporting standards as laid down by the American Institute of Certified Public Accountants (AICPA). These standards require the auditor to plan the audit, obtain sufficient and appropriate evidence, and express an opinion on the financial statements. Therefore, auditors cannot ignore any of these standards while conducting an audit of OCBOA financial statements.

Audits of OCBOA Financial Statements Are Subject to