Historically, auditing standards have been revised to converge with international standards and have been organized into three categories, including adequate understanding of internal control. A False B True Question 10 1 Point The auditors are primarily responsible for preparing the financial statements and expressing an opinion on whether these financial statements are in accordance with generally accepted accounting principles A True False Question 2 1 Point a A peer review engagement is an engagement in which a client company arranges for a critical review of its practices by a CPA firm. This review is performed regularly every three years. A True B False