Certified public accountants must comply with two (2)uniform standards of professional conduct.They are ________,which are standards for the preparation and presentation of financial statements,and ________,which specify the methods and procedures that must be used to conduct audits.

Question

Quizplus · Accepted Answer

GAAPs (Generally Accepted Accounting Principles) are the standards for the preparation and presentation of financial statements, while GAASs (Generally Accepted Auditing Standards) specify the methods and procedures that must be used to conduct audits. This is the standard used in the United States.

Certified Public Accountants Must Comply with Two (2)uniform Standards of Professional