Which of the Following Is a General Auditing Standard

question 33

Multiple Choice

Which of the following is a general auditing standard?

• A) Supervision.
• B) Disclosure.
• C) Opinion.
• D) Independence.

---

Definitions:

Geophysical Studies

Investigations of the physical processes and properties of the Earth, often for the purpose of mineral or oil exploration.

Mining Acquisition Rights

Rights or licenses obtained by a company to explore or extract mineral resources from a specific area.

Pre-exploration Survey

The initial analysis or evaluation conducted to gather information about a possible mineral, oil, or gas site before starting exploration activities.

AASB 116

Refers to the Australian Accounting Standards Board Standard 116, which outlines the accounting treatment for property, plant, and equipment, emphasizing recognition, measurement after recognition, and depreciation.