Question

What does an auditor not have to comply with to ensure that audit quality is maintained? Select one:

A. The code of ethics

B. Accounting concepts and standards

C. Auditing guidance statements

D. The conceptual framework for auditing

Answer 1

Answer : B. Accounting concepts and standards.

Accounting concepts and standards are used to define the accounting policies and standards followed by the entity. it is not related to the quality of the audit.

Option A is incorrect because code of ethics is designed to assist the auditors to conduct the audit maintaining the audit quality.

Option C is incorrect because auditing guidance statements are issued to assist the auditor to maintain the quality of audit.

Option D is incorrect because the conceptual framework for auditing sets the standards for auditing and it helps to maintain the quality of audit.