An independent CPA is engaged to audit the financial statements of the City of Highland Hills.The City has a variety of revenue sources including a $350,000 grant from the U.S.Department of Housing and Urban Development.Which of the following audit standards must the CPA use when conducting the audit?
A) The AICPA audit standards.
B) The GAO audit standards.
C) The OMB audit standards.
D) All of the above.
Correct Answer:
Verified
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