The first PCAOB general standard requires that the examination of financial statements is to be performed by a person or persons having adequate technical training and
A) Independence with respect to the financial statements and supplementary disclosures.
B) Exercising professional care as judged by peer reviewers.
C) Proficiency as an auditor, which likely has been acquired from previous experience.
D) Objectivity as an auditor as verified by proper supervision.

Question

Quizplus · Accepted Answer

The first PCAOB general standard requires that the examination of financial statements is to be performed by a person or persons having adequate technical training and proficiency as an auditor, which likely has been acquired from previous experience. This standard emphasizes the importance of expertise in auditing, rather than independence, professional care, or objectivity.

The First PCAOB General Standard Requires That the Examination of Financial