AICPA auditing standards require the auditor to determine whether the financial statement framework to be used by management to prepare the financial statements is appropriate under the circumstances.

Question

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This statement is true according to AICPA auditing standards. The auditor must assess the appropriateness of the financial statement framework to ensure that the financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) or another comprehensive basis of accounting (OCBOA).

AICPA Auditing Standards Require the Auditor to Determine Whether the Financial