The Main Difference Between SAS and AU Is

question 8

Multiple Choice

The main difference between SAS and AU is

• A) They are the same except that SAS are organized chronologically and the AU are organized by topical area.
• B) SAS are issued by the ASB and AU are issued by the PCAOB.
• C) SAS are issued by the PCAOB and AU are issued by the ASB.
• D) SAS define minimum standards of performance for auditors while AU define financial accounting principles that must be followed according to GAAP.

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Definitions:

Continuous Distribution

A probability distribution that assumes an infinite number of possible values in a continuous range.

Chi-square Distribution

A probability distribution showing the distribution of the chi-square statistic under the null hypothesis for a correct model.

Mud Wrestling

A form of entertainment or sport where individuals wrestle in a pit filled with mud.

Chi-square Statistic

A measure used in statistical analysis to evaluate the significance of the association or difference between categorical variables.