________ specify the methods and procedures that are to be used by public accountants when conducting external audits of company financial statements.
A) Generally accepted accounting principles (GAAPs)
B) Generally accepted auditing standards (GAASs)
C) Auditor's expert opinions
D) General engagements and agreements

Question

Quizplus · Accepted Answer

Generally accepted auditing standards (GAASs) specify the methods and procedures that are to be used by public accountants when conducting external audits of company financial statements. GAAPs pertain to accounting principles and guidelines, auditor's expert opinions are not a standard, and general engagements and agreements do not specify the methods and procedures for audits.

________ Specify the Methods and Procedures That Are to Be