Question

Which of the following is not included in the principles underlying an audit conducted in accordance with GAAS as developed by the ASB and the IAASB?

a) Independence
b) Professional skepticism
c) Integrity
d) Conformity

Answer 1

The correct answer is d) Conformity. The principles underlying an audit conducted in accordance with GAAS include Independence, Professional skepticism, and Integrity.

Step-by-step explanation:

The correct answer is d) Conformity.

The principles underlying an audit conducted in accordance with GAAS (Generally Accepted Auditing Standards) include:

• Independence: The auditor must maintain independence in both fact and appearance.
• Professional skepticism: The auditor must conduct the audit with a questioning mindset and critically assess the evidence obtained.
• Integrity: The auditor must be honest, truthful, and maintain ethical behavior throughout the audit process.

Conformity is not included in the principles underlying an audit conducted in accordance with GAAS.