The paragraph in a typical audit report that describes how the audit was performed in accordance with generally accepted auditing standards is:

Question

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The second paragraph of an audit report typically describes the auditor's responsibilities and the standards that were followed during the audit. This includes a statement that the audit was performed in accordance with generally accepted auditing standards (GAAS), which are established by the American Institute of Certified Public Accountants (AICPA) and the Public Company Accounting Oversight Board (PCAOB).

The Paragraph in a Typical Audit Report That Describes How