Select the necessary words from the list of possibilities to complete the following statements. 1. 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 is the source of authoritative GAAP to be applied by The FASB 2. nongovernmental entities. 3. International auditing standards are issued by the 4. An attestation engagement includes a report on subject matter, or on an about subject matter. CPA firms should establish 5. policies and procedures to provide assurance that their services adhere to firm and professional standards. Answer