According to the AICPA, the Auditor Needs to Form an Opinion

question 68

Multiple Choice

According to the AICPA, the auditor needs to form an opinion on the financial statements based on an evaluation of the audit evidence obtained. This is stated in which AICPA principle governing an audit conducted in accordance with GAAS?

• A) Principle 1
• B) Principle 4
• C) Principle 5
• D) Principle 7

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Definitions:

Ethical Decision-Making

The method of assessing and selecting options in a way that aligns with moral values.

Moral Reasoning

The process of determining the right or ethical way to act through the evaluation of complex moral issues and values.

Moral Content

The ethical significance or implications contained within an action, decision, or piece of content.

Metaethics

A branch of ethics that examines the nature, foundations, and meanings of ethical principles, rather than discussing what actions are right or wrong.