The fundamental principles developed by the Auditing Standards Board are best described as:
A)ten basic standards underlying an audit.
B)standards that apply only to audits of issuers.
C)industry-specific guidance on how audit procedures should be conducted.
D)guidelines for the general conduct of audit engagements.

Question

Quizplus · Accepted Answer

The fundamental principles developed by the Auditing Standards Board are guidelines for the general conduct of audit engagements, providing a framework for the audit process rather than industry-specific guidance or standards that apply only to certain types of audits.

The Fundamental Principles Developed by the Auditing Standards Board Are