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AICPA CPA-Auditing Exam - Topic 3 Question 2 Discussion

Posted by Jennifer on May 06, 2022 at 11:37 PM

Which of the following categories is included in generally accepted auditing standards?

Suggested Answer: C

Choice "c" is correct. Generally accepted auditing standards include three categories: general standards, standards of fieldwork, and standards of reporting.

Choices "a", "b", and "d" are incorrect, based on the above Explanation: .

Reports on Audited Financial Statements


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8 comments · newest first
AL
Alysa 11 months ago
Just to clarify, A and B are not part of GAAS.
SH
Shenika 12 months ago
Totally agree, fieldwork standards are essential!
MI
Milly 12 months ago
Wait, are standards of evidence really a thing?
WH
Whitley 12 months ago
I thought it was all about planning!
LU
Ludivina 1 year ago
Standards of fieldwork are definitely included.
RO
Rosalia 1 year ago
Okay, I've got this. TE Mobile is a mobile provider, so the bandwidth is likely in the Mbps or Kbps range. I'll compare the options and pick the one that seems most reasonable.
ES
Essie 1 year ago
I'm pretty sure the four main financial statements are the balance sheet, income statement, cash flow statement, and statement of changes in shareholders' equity. Let me think through this...
TA
Tamra 1 year ago
Hmm, I'm not sure which option is best here. I'll need to review the data module features more closely to determine the most efficient way to implement this grouping logic.
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