Under Which Set of Auditing Standards Is the Auditor Required

question 41

Multiple Choice

Under which set of auditing standards is the auditor required to test compliance with laws and regulations that could have a direct and material effect on the financial statements of the entity?

• A) AICPA standards.
• B) GAO standards.
• C) OMB standards.
• D) All of the above.

---

Definitions:

Level Of Education

A measure of the highest degree of formal schooling completed or the extent of academic achievement.

Causation

Refers to the relationship between cause and effect, where one action or event directly results in another.

Multiple Choice

A question format that presents a list of options or answers, from which the respondent selects the correct one.

Flexibility

The ability to adapt to changes or new demands in the environment, work, or personal life.