Question

QUESTION 13 The three generally accepted auditing standards classified as general standards can be described as criteria for the A. Competence, independence, and professional care of individuals performing the audit. B. Planning and supervision of the audit engagement C. Content of the financial statements and related footnote disclosures and the consistency standard. D. Content of the auditor's report, study of internal control, and planning. QUESTION 14 The internal controls of an entity are the policies and procedures, which the entity has implemented to provide reasonable assurance that the entity's objectives are being achieved. True False QUESTION 15

principles of auditing
chapter 2

Answer 1

Solution 13:

The three generally accepted auditing standards classified as general standards can be described as the Criteria for competence, independence, and professional care of individuals performing the audit.

Hence option A is correct.

Solution 14:

True, The internal control of an entity are the policies and procedures which the entity has implemented to provide reasonable assurance that the entity's objectives are being achieved.