A quality audit is one performed "in accordance with generally accepted auditing standards (GAAS)to provide reasonable assurance that the audited financial statements and related disclosures are presented in accordance with generally accepted accounting principles (GAAP)and (2)are not materially misstated whether due to errors or fraud."

Question

Quizplus · Accepted Answer

This statement accurately describes a quality audit as defined by GAAS.

A Quality Audit Is One Performed "In Accordance with Generally