The ten standards that provide broad guidelines for an auditor's professional responsibilities are referred to as:
A)Generally accepted accounting standards
B)General accounting and auditing practices
C)Generally accepted auditing practices
D)Generally accepted auditing standards

Question

Quizplus · Accepted Answer

The ten standards referred to are generally accepted auditing standards (GAAS), which are established by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA). These standards provide guidance to auditors on their responsibilities for planning, performing, and reporting on audits.

The Ten Standards That Provide Broad Guidelines for an Auditor's