Which of the following best describes what is meant by generally accepted auditing standards?
A)Acts to be performed by the auditors.
B)Measures of the quality of the auditors' performance.
C)Procedures to be used to gather evidence to support financial statements.
D)Audit objectives generally determined on audit engagements.

Question

Quizplus · Accepted Answer

Measures of the quality of the auditors' performance best describe generally accepted auditing standards. These standards provide a framework for ensuring the auditor's work meets a certain level of quality and reliability.

Which of the Following Best Describes What Is Meant by Generally