The Performance section of the "Principles Underlying an Audit" is concerned with:
A)proper planning and supervision, appropriate materiality levels, and sufficient appropriate audit evidence.
B)an audit opinion in accordance with the auditor's findings, whether the financials are presented fairly, and whether the financial are in accordance with the applicable financial reporting framework.
C)whether the auditor has unrestricted access to those within the entity from whom the auditor needs to obtain audit evidence.
D)complying with ethical requirement, appropriate competence and maintaining professional skepticism.

Question

Quizplus · Accepted Answer

The Performance section of the "Principles Underlying an Audit" is primarily concerned with the proper planning and supervision of the audit, determining appropriate materiality levels, and obtaining sufficient appropriate audit evidence. These factors are critical in ensuring that the audit is performed effectively and efficiently, and that the resulting audit opinion is reasonable and supported by evidence. Choice B is related to the Reporting section of the Principles, while Choice C pertains to the Access section and Choice D relates to the Ethics section.

The Performance Section of the "Principles Underlying an Audit" Is