Question

Chapter 2 Completion Questions Select the necessary words from the list of possibities to complete the following statements Answer The purpose of an audit conducted in accordance with generally accepted auditing standards statements are presented tairly, in all material respects, in accordance with the applicable | The serialy numbered pronouncements issued by the Audeng Standards Board of the ACPA is to provide financial statement users with an opinion by the auditor on whether the financial 2 as generally accepted auditing standards are known as | Investors need to compare financal statements of different companies The standards most frequently followed to prepare financial statements in the United States are Public company audit reports must be addressed to the board of directors and the Having a questioning mind, being alert to conditions that may indicate possble misstatement 5. due to errors or traud, and having a critical assessment of audit evidence are all characteristics of Guidelines issued by the AICPA for the scope and application of the Code of Professional Conduct Rules of Conduct are called The FASB is the source of authoritative GAAP to be appied by nongovernmental CPA firms should establish their services adhere to firm and professional standards policies and procedures to provide assurance that An attestation engagement includes a report on subject mater, or on an about subject matter 10. International auditing standards are issued by the

Answer 1

	Answer
1	financial reporting framework
2	Statements on Auditing Standards
3	generally accepted accounting principles
4	shareholders
5	professional skepticism
6	interpretations
7	Codification
8	quality control
9	assertion
10	International Auditing and Assurance Standards Board