The following questions deal with auditing standards. Choose the best response.

a. International Standards on Auditing are established by the

(1) International Accounting Standards Board.

(2) International Auditing and Assurance Standards Board.

(3) Auditing Standards Board.

(4) Global Auditing Standards Board.

b. Which of the following best describes what is meant by U.S. generally accepted auditing standards?

(1) Acts to be performed by the auditor.

(2) Measures of the quality of the auditor’s performance.

(3) Procedures to be used to gather evidence to support financial statements.

(4) Audit objectives generally determined on audit engagements.

c. The general group of U.S. generally accepted auditing standards includes a requirement that

(1) field work be adequately planned and supervised.

(2) the auditor’s report state whether or not the financial statements conform to generally accepted accounting principles.

(3) due professional care be exercised by the auditor.

(4) informative disclosures in the financial statements be reasonably adequate.

d. What is the general character of the three generally accepted auditing standards classified as standards of field work?

(1) The competence, independence, and professional care of persons performing the audit.

(2) Criteria for the content of the auditor’s report on financial statements and related footnote disclosures.

(3) The criteria of audit planning and evidence gathering.

(4) The need to maintain an independence in mental attitude in all matters pertaining to the audit.