In the auditing process,
A) the types and amounts of evidence remain constant from audit to audit.
B) the criteria for evaluating information will not vary depending on the information being audited.
C) the audit report communicates the auditor's findings to users.
D) records are gathered by the auditor to determine whether the audited information is stated in accordance with SEC standards.

Question

Quizplus · Accepted Answer

The audit report is the primary means for communicating the auditor's findings to users. The types and amounts of evidence gathered by the auditor, as well as the criteria for evaluating the information, may vary depending on the nature of the audit and the information being audited. The auditor's focus is on determining whether the audited information is stated in accordance with generally accepted accounting principles (GAAP), not SEC standards.

In the Auditing Process