Which of the following summarizes the essence of field work standards of GAAS?
A) Quality of professionals that perform an audit
B) Criteria for judging the quality of audit work
C) Whether the auditor was independent in conducting the audit
D) Whether the auditor reviewed the client's financial statements for adherence to GAAP

Question

Quizplus · Accepted Answer

GAAS (Generally Accepted Auditing Standards) provides guidelines for auditors to follow when conducting an audit. The field work standards, one of the three standards, focus on the criteria for judging the quality of the audit work performed by the auditor. These standards include the auditor's understanding of the client's internal control system, the nature, timing and extent of audit procedures, and the documentation and communication of audit findings. The quality of professionals that perform an audit, whether the auditor was independent in conducting the audit, and whether the auditor reviewed the client's financial statements for adherence to GAAP are all important considerations, but they are not necessarily the essence of the field work standards.

Which of the Following Summarizes the Essence of Field Work