Auditing 1 (1) - Professional standards

Question 1

AUDITING STANDARDS

Answer 1

1- Generally Accepted Auditing Standards
2- Generally Accepted Government Auditing Standards
3- Public Company Accounting Oversight Board
4- International Standards on Auditing

Question 2

STANDARDS FOR ENGAGEMENTS OTHER THAN AUDITS

Answer 2

1- Statements on Standards for Attestation Engagements

2- Statements on Standards for Accounting and Review Services

Question 3

OTHER GUIDELINES

Answer 3

1- AICPA Code of Professional Conduct
2- Statements on Quality Control Standards
3- Securities and Exchange Commission (SEC)
4- Sarbanes-Oxley Act of 2002
5- IFAC Code of Ethics for Professional Accountants

Question 4

GENERALLY ACCEPTED AUDITING STANDARDS (GAAS)

Answer 4

A. General Standards
1 - Training
2 - Independence
3- Professional Care

B. Standards of Fieldwork
1-Planning and Supervision
2-Internal Control, Entity, and Environment
3- Evidence

C. Standards of Reporting
      1- Accounting = GAAP
     2-.Consistency
     3- Disclosure
     4- Express Opinion