GAAS and Principles Flashcards

1
Q

Identify the topics associated with the three general standards formerly known as Generally Accepted Auditing Standards (GAAS), which are still applicable to the PCAOB’s auditing standards.

A
  1. )Training
  2. )Independence
  3. )Due professional care.
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2
Q

Identify the topics associated with the four reporting standards for generally accepted auditing standards (GAAS) that are still applicable to the auditing standards of the Public Company Accounting Oversight Board (PCAOB).

A
  1. )Generally accepted accounting principles (GAAP)
  2. )Consistency
  3. )Disclosure
  4. )Opinion
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3
Q

Identify the topics associated with each of the AICPA’s seven principles for audit standard setting.

A
  1. )Purpose
  2. )Premise
  3. )Responsibilities
  4. )Reasonable assurance
  5. )Performance requirements to achieve reasonable assurance
  6. )Inherent limitations
  7. )Reporting
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4
Q

Identify the four primary themes associated with the AICPA’s seven principles for audit standard setting

A
  1. )Purpose/premise
  2. )Responsibilities
  3. )Performance
  4. )Reporting
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5
Q

Identify the topics associated with the three field work standards formerly known as Generally Accepted Auditing Standards (GAAS), which are still applicable to the PCAOB’s auditing standards.

A
  1. )Planning and supervision
  2. )Internal control
  3. )Evidence.
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