ExamTopics Logo
Mail Us[email protected]
Menu
Aicpa Discussions
exam questions

Exam AUD All Questions

View all questions & answers for the AUD exam
Go to Exam

Exam AUD topic 1 question 147 discussion

Actual exam question from AICPA's AUD
Question #: 147
Topic #: 1
[All AUD Questions]

The first general standard requires that an audit of financial statements is to be performed by a person or persons having:

  • A. Seasoned judgment in varying degrees of supervision and review.
  • B. Adequate technical training and proficiency.
  • C. Knowledge of the standards of fieldwork and reporting.
  • D. Independence with respect to the financial statements and supplementary disclosures.
Show Suggested Answer Hide Answer
Suggested Answer: B 🗳️
Choice "B" is correct. The "first" general standard states that the auditor must have adequate technical training and proficiency to perform the audit. Comment: It is important to memorize the 10 auditing standards.
Choices "A", "C", and "D" are incorrect, as they do not represent a requirement of the first general standard of reporting.
by gemazyni at April 5, 2025, 4:14 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
Currently there are no comments in this discussion, be the first to comment!
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel