Question

what is the purpose of auditing standards? multiple choice question. decide on the opinion on the financial statements necessary to ensure financial statements are in conformity with gaap steps taken by the auditor during the course of the audit to comply with gaas provide a measure of audit quality and objectives to be achieved in the audit

Answer 1

The purpose of auditing standards is to ensure audit quality and guide auditors to produce reliable financial statements in line with GAAP and GAAS.

Step-by-step explanation:

The purpose of auditing standards is to provide a measure of audit quality and objectives to be achieved in the audit. These standards are guidelines for auditors to ensure that they perform their duties in a systematic and consistent manner, leading to reliable and credible financial statements. They aim to ensure that the financial statements are in conformity with Generally Accepted Accounting Principles (GAAP) and to guide the auditor's professional judgment during the course of the audit to comply with Generally Accepted Auditing Standards (GAAS).