Which of the Following Accurately Depicts the Auditor's Responsibility with Respect

question 277

Multiple Choice

Which of the following accurately depicts the auditor's responsibility with respect to Statements on Auditing Standards?

• A) The auditor is required to follow the guidance provided by the Standards, without exception.
• B) The auditor is generally required to follow the guidance provided by Standards with which he or she is familiar, but will not be held responsible for departing from provisions of which he or she was unaware.
• C) The auditor is generally required to follow the guidance provided by the Standards, unless following such guidance would result in an audit that is not cost-effective.
• D) The auditor is generally required to follow the guidance provided by the Standards, and should be able to justify any departures.

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Definitions:

Vested Interest

refers to a personal stake or concern in an existing system or entity that can affect an individual's or group's decisions and actions due to the potential gain or loss.

Group Leader

An individual who is responsible for guiding, inspiring, and overseeing a group to achieve its objectives.

Regular Intervals

Fixed or consistent periods between events or actions.

Skills And Views

The combination of abilities and perspectives that an individual possesses and brings to various situations or tasks.