Question

What criteria largely consist of the generally accepted accounting principles (GAAP) for independence auditors of financial statements in the United States?

1) Generally accepted auditing standards (GAAS)
2) International Financial Reporting Standards (IFRS)
3) Generally accepted government auditing standards (GAGAS)
4) Generally accepted accounting principles (GAAP)

Answer 1

The criteria that largely consist of the GAAP for independent auditors of financial statements in the United States are generally accepted auditing standards (GAAS) and generally accepted accounting principles (GAAP).

Step-by-step explanation:

The criteria that largely consist of the GAAP for independent auditors of financial statements in the United States are generally accepted auditing standards (GAAS) and generally accepted accounting principles (GAAP). The criteria that largely consist of the generally accepted accounting principles (GAAP) for independent auditors of financial statements in the United States include:

1. Generally accepted auditing standards (GAAS)
2. Generally accepted accounting principles (GAAP)

International Financial Reporting Standards (IFRS) and Generally accepted government auditing standards (GAGAS) are not part of GAAP but may be relevant in certain contexts.