Which of the following upholds at least one generally accepted auditing field work standard?
A)Using the COSO framework to evaluate internal controls.
B)Allowing members of an audit team to choose their supervisor independently.
C)Both using the COSO framework to evaluate internal controls and allowing members of an audit team to choose their supervisor independently.
D)Neither using the COSO framework to evaluate internal controls nor allowing members of an audit team to choose their supervisor independently.

Question

Quizplus · Accepted Answer

Using the COSO framework to evaluate internal controls upholds the standard of adequate planning and supervision of the audit engagement, which is a generally accepted auditing field work standard. Allowing members of an audit team to choose their supervisor independently goes against the standard of independence and objectivity in the audit process.

Which of the Following Upholds at Least One Generally Accepted