Identify the Two Generally Accepted Auditing Standards That Apply to Accepting

question 36

Essay

Identify the two generally accepted auditing standards that apply to accepting an audit engagement. For each standard, indicate the primary means of complying with the standard.

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Definitions:

Rapid Movements

Quick, fast actions or motions, which can be physical movements of the body or parts of the body.

Horizontal

Oriented parallel to the ground or to the bottom and top edges of something, as opposed to vertical.

Vertical

Oriented upward, perpendicular to the horizon or a horizontal plane.

Rotary

Refers to something revolving around a center or axis, such as a rotary engine or a rotary dial.