Question

2.47 The particular and specialized actions that auditors take to obtain evidence during a specific engagement are known as:

a. audit procedures
b. audit standards
c. interpretive publications
d. Statements on Auditing Standards

Answer 1

The specialized actions auditors take to gather evidence during an audit are known as audit procedures, not to be confused with audit standards, interpretive publications, or Statements on Auditing Standards.

Step-by-step explanation:

The particular and specialized actions that auditors take to obtain evidence during a specific engagement are known as audit procedures. These are the steps and methods auditors use to gather information to reach and justify their audit opinion on the financial statements of an entity. Audit procedures can range from reviewing financial records to observing inventory counts. These procedures are distinctly different from audit standards, which are the basic principles auditors follow when conducting an audit, interpretive publications, which provide guidelines on applying those standards, and Statements on Auditing Standards (SAS), which are authoritative guidance issued by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA).