The principles underlying an audit
A) contain the procedures that must be followed during an audit.
B) carry the same authority as AICPA auditing standards.
C) only apply to the audits of public companies.
D) provide structure for the clarified Codification.

Question

Quizplus · Accepted Answer

The principles underlying an audit provide a framework for the clarified Codification, which organizes and clarifies the standards and guidance for auditing.

The Principles Underlying an Audit