The best defense for an auditor is to
A)Perform audits in accordance with ethical principles when auditing standards are unclear
B)Strictly adhere to the requirements of the generally agreed auditing principles (GAAS)
C)Perform all work not only in accordance with US GAAS but also international GAAS
D)Always follow the letter of the law when performing audits

Question

Quizplus · Accepted Answer

The best defense for an auditor is to perform audits in accordance with ethical principles when auditing standards are unclear. This approach helps auditors to maintain their integrity and professionalism while delivering high-quality audit services to their clients. Adhering to ethical principles enables auditors to stay on the right side of the law while carrying out their duties with due diligence and impartiality. While strict adherence to GAAS is important, auditors should also strive to apply ethical principles and judgment to ensure that their audits add value to clients and stakeholders.

The Best Defense for an Auditor Is to