The primary reasons for the existence of Auditing Standards is:
A)they provide assurance of the minimum standards that should have been employed by the auditor in arriving at the opinion.
B)they are necessary to maintain a cost-effective service.
C)they will safeguard the auditor when they are sued.
D)all of the above.

Question

Quizplus · Accepted Answer

Auditing Standards ensure that auditors follow a consistent and minimum level of quality in their work, which helps in forming a reliable opinion.

The Primary Reasons for the Existence of Auditing Standards Is