International standards

Question 0

-Audit of Internal control
-Reference to Division of
Responsibilities
-Obtaining attorney’s letter
-Audit report modification for change in
accounting principles

Answer 0

No

Question 1

International auditing standards established by what body?

Answer 1

International Auditing and Assurance Standards Board of International Federation of Accountants

Question 2

• Audit report must indicate the location in which the auditor practices
• International auditing standards are based on risk assessment approach

Answer 2

Yes