Auditing Procedures Are the Same as Auditing Standards

question 38

True/False

Auditing procedures are the same as auditing standards.

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Definitions:

Ordinances

Local laws or regulations enacted by municipalities or other local governing bodies.

Legislative Laws

Statutes and regulations enacted by a legislature or other governing body to prescribe conduct, establish duties, and regulate society.

Uniform State Laws

Model statutes drafted by legal experts to achieve consistency in areas of law within different states, which states can adopt or modify as they see fit.

Uniform Commercial Code

An extensive suite of laws that encompasses all facets of commercial trade in the United States.