Which of the following can be used as a criterion for evaluating information being audited?
A) International Financial Reporting Standards (IFRS)
B) Generally Accepted Accounting Principles (GAAP)
C) Internal Revenue Code (IRC)
D) all of the above

Question

Quizplus · Accepted Answer

All of the options listed are important criteria to consider when evaluating financial information being audited. IFRS and GAAP are accounting principles that provide guidance on how financial statements should be prepared, while the Internal Revenue Code outlines tax laws and regulations that must be followed. By evaluating the information in light of these criteria, auditors can ensure that financial statements are accurate, complete, and in compliance with relevant regulations.

Which of the Following Can Be Used as a Criterion