Question 3

Which of the following best describes the general character of the three PCAOB generally accepted auditing standards that are classified as standards of fieldwork?

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 independence in mental attitude in all matters relating to the audit.

I AM THINKING ABOUT ANSWER 1 OR 3 ... I HAVE NO CLUE

Question 4

The accuracy of information included in footnotes accompanying the audited financial statements issued by a company whose shares are traded on a stock exchange is the primary responsibility of

1) The stock exchange officials.

2) The independent auditor.

3) The company's management.

4) The Securities and Exchange Commission.