Which of the Following Is an Accurate Statement Regarding Principles

question 81

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 Statement on Auditing Standard (SAS) number identifies the order in which it was issued in relation to other SASs.

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