Statements on Auditing Standards issued by the AICPA's Auditing Standards Board are:
A)part of the generally accepted auditing standards under the AICPA Code of Professional Conduct.
B)interpretations of generally accepted auditing standards and departures from such statements must be justified.
C)interpretations of generally accepted auditing standards and such standards must be followed in every engagement.
D)generally accepted auditing procedures that are not covered by the AICPA Code of Professional Conduct.

Question

Quizplus · Accepted Answer

Statements on Auditing Standards issued by the AICPA's Auditing Standards Board are interpretations of generally accepted auditing standards, and departures from such statements must be justified. However, they are not part of the generally accepted auditing standards under the AICPA Code of Professional Conduct, and not all auditing procedures are covered by them.

Statements on Auditing Standards Issued by the AICPA's Auditing Standards