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Question 3: (C1&C2) (8 Marks) Indicate the category and the standard for each statement below: 1-...

Question 3: (C1&C2) Indicate the category and the standard for each statement below:

1- The auditor expresses an opinion on the financial statements.

2- The client’s notes to the financial statements contain all essential data.

3- The auditor is careful in doing the audit.

4- A predesigned schedule is followed during the audit.

5- The auditor is objective and unbiased in performing the audit.

6- The client used the same accounting principles this year as last year.

7- The auditor is an accounting graduate with experience.

8- The audit produced all evidence needed to reach a conclusion about the financial statements.

No.

Type of category

Type of standard

1

2

3

4

5

6

7

8
Business   Accounting   
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Answer #1
No. Type of category Type of standard
1 Standards of Standard 4
Reporting
2 Standards of Standard 3
Field Work
3 General Standard 3
Standards
4 Standards of Field Standard 1
Work
5 General Standard 2
Standards
6 Standards of Standard 2
Reporting
7 General Standard 1
Standards
8 Standards of Standard 3
Reporting
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