Select the necessary words from the list of possibilities to complete the following statements. 1. 2. 3. Statements The purpose of an audit conducted in accordance with generally accepted auditing standards is to provide financial statement users with an opinion by the auditor on whether the financial statements are presented fairly, in all material respects, in accordance with the applicable The serially numbered pronouncements issued by the Auditing Standards Board of the AICPA as generally accepted auditing standards are known as Investors need to compare financial statements of different companies. The standards most frequently followed to prepare financial statements in the United States are Public company audit reports must be addressed to the board of directors and the Having a questioning mind, being alert to conditions that may indicate possible misstatement 5. due to errors or fraud, and having a critical assessment of audit evidence are all characteristics of Guidelines issued by the AICPA for the scope and application of the Code of Professional Conduct Rules of Conduct are called is the source of authoritative GAAP to be applied by nongovernmental 6. The FASB 7. entities. CPA firms should establish policies and procedures to provide assurance that 8. their services adhere to firm and professional standards. 9. An attestation engagement includes a report on subject matter, or on an subject matter. about Answer 10. International auditing standards are issued by the