For some engagements,the financial statements might be audited in accordance with multiple auditing standards.

Question

Quizplus · Accepted Answer

It is possible for financial statements to be audited in accordance with multiple auditing standards depending on the jurisdiction and regulatory requirements. For example, a company operating in multiple countries may need to comply with different auditing standards in each country. Additionally, some engagements may require the use of specific auditing standards, such as International Standards on Auditing (ISAs) or Generally Accepted Auditing Standards (GAAS).

For Some Engagements,the Financial Statements Might Be Audited in Accordance