Briefly Differentiate Accounting Standards and Auditing Standards

question 17

Essay

Briefly differentiate accounting standards and auditing standards.

---

Definitions:

Positive Outcomes

The favorable results or benefits derived from actions or activities.

Negative Outcomes

Unfavorable results or effects that arise from specific actions or inactions within various contexts.

Influence Acceptance

The degree to which individuals or groups are willing to accept and act upon the influences or suggestions of others.

Making Excuses

The act of creating justifications for one's actions, decisions, or failures, often to avoid taking responsibility.