The three PCAOB standards of fieldwork are concerned with
A) Planning and supervision and understanding the client's internal control system.
B) Choosing evidence with due professional care.
C) Adequate training to understand the client's internal controls system.
D) Ensuring consistency in financial statements for periods presented.

Question

Quizplus · Accepted Answer

The three PCAOB standards of fieldwork are AS 1210 - Planning and supervision, AS 1205 - Understanding the entity and its environment, including its internal control, and AS 1105 - Audit evidence. Together, they are concerned with planning and supervision, understanding the client's internal control system, and choosing evidence with due professional care. Adequate training is necessary, but it is not specifically one of the three PCAOB standards of fieldwork. Ensuring consistency in financial statements is important, but it is not directly related to the three PCAOB standards of fieldwork.

The Three PCAOB Standards of Fieldwork Are Concerned with