Which of the following best describes the general character of the three principles that are listed in the Performance section of the Principles Underlying an Audit Conducted in Accordance with GAAS?
A)The purpose and value of a financial statement audit and lays out the responsibilities of management for an effective audit to be possible.
B)The fundamental responsibilities and characteristics of an auditor.
C)Auditors' responsibilities in performing an effective audit.
D)Auditors provide a written report that expresses their opinion about the financial statements.

Question

Quizplus · Accepted Answer

The Performance section of the Principles Underlying an Audit Conducted in Accordance with GAAS outlines the responsibilities of auditors in performing an effective audit, including planning and supervision, obtaining sufficient evidence, and forming an opinion on the financial statements. The section does not address the purpose and value of an audit or the characteristics of an auditor. The requirement to provide a written report expressing the auditor's opinion is addressed in a separate section.

Which of the Following Best Describes the General Character of the Three