The most authoritative requirements for public accountants performing financial statement audits in Canada are the
A)standards used by the client.
B)industry specific standards.
C)CPA Canada Handbook requirements.
D)assurance guidelines.

Question

Quizplus · Accepted Answer

The CPA Canada Handbook requirements are the most authoritative requirements for public accountants performing financial statement audits in Canada. These requirements outline the ethical and professional standards that auditors must comply with and provide guidance for conducting high-quality audits. Standards used by the client or industry-specific standards may be relevant, but they do not carry the same level of authority as the CPA Canada Handbook requirements. Assurance guidelines may also be relevant, but they are typically more specific to certain types of engagements and do not provide the same level of comprehensive guidance as the CPA Canada Handbook.

The Most Authoritative Requirements for Public Accountants Performing Financial Statement