An Auditor Need Not Abide by a Particular Auditing Standard

question 66

Multiple Choice

An auditor need not abide by a particular auditing standard if the auditor believes that

• A) the issue in question is immaterial in amount.
• B) more expertise is needed to fulfill the requirement.
• C) the requirement of the standard has not been addressed by the PCAOB.
• D) fraud is involved.

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Definitions:

Natural Born Citizen

A term often associated with the eligibility for U.S. presidency, referring to someone born a U.S. citizen, regardless of the location of birth.

Presidency Politics

Presidency politics involves the strategies, actions, and policies associated with the office of the President, including election campaigns, governance, and influence on national and international affairs.

Resign

To voluntarily leave a position or office, often due to personal reasons, ethical considerations, or external pressures.

Richard Nixon

The 37th President of the United States, serving from 1969 to 1974, known for significant foreign policy achievements and the Watergate scandal leading to his resignation.