All of the following statements are true regarding generally accepted auditing standards (GAAS) except:
A)departures from auditing standards that impose presumptively mandatory requirements on auditors are not permitted under any circumstances.
B)Auditing Standards issued by the PCAOB serve as an appropriate source of GAAS for the audits of issuers.
C)separate auditing standards have been developed for the audits of U.S. governmental entities and foreign entities.
D)Interpretive Publications, which are officially considered less authoritative and less binding than auditing standards, are included as part of GAAS.

Question

Quizplus · Accepted Answer

Departures from certain auditing standards that impose presumptively mandatory requirements on auditors may be permitted if the auditor can demonstrate that the alternative procedures performed achieve the objectives of the standard. This is outlined in AU-C section 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards.

All of the Following Statements Are True Regarding Generally Accepted