Auditing Guidance The GAAS Hierarchy

Question 0

Specific language is used wi SAS & PCOAB to clarify the auditors level of responsibility
Must; is required
Should
May; might; could

Answer 0

Unconditional requirement (must always b followed)
Presumptively mandatory requirement (must always b considered)
No requirement

Question 1

What is published by the ASB for audits of nonissuers

Answer 1

Stmts on auditing standards (SAS)

Question 2

What r recommendations to the application of SAS

Answer 2

Interpretative publications