Which of the Following Is an Accurate Statement Regarding Principles

question 71

Multiple Choice

Which of the following is an accurate statement regarding principles and auditing standards?

• A)The principles underlying an audit give specific guidance to an auditor when a problem arises in an audit.
• B)The principles underlying an audit state that the only objective of an audit is to provide financial statement users with an opinion.
• C)All auditing standards issued by the PCAOB are given two classification numbers.
• D)The SAS number identifies the order in which it was issued in relation to other SASs.

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Definitions:

Tolerant

Characterized by a willingness to accept feelings, habits, or beliefs that are different from one's own.

Depend On

To require support, assistance, or resources from someone or something for proper functioning or well-being.

Labeling

The process of classifying and naming individuals or groups based on perceived characteristics, which can influence identity and behavior.

Deviant

Behaviors or actions that violate societal norms or standards, often resulting in societal judgment or sanction.