The principles underlying an audit contain the audit procedures that must be followed during an audit and carry the same authority as Generally Accepted Auditing Standards.

True

False

Historically, auditing standards have been revised to converge with international standards and have been organized into three categories, including proper audit planning and supervision.

True

False

Quality control standards are established for the entire CPA firm while auditing standards are applicable to the individual engagements. However, quality control is not a guarantee that auditing standards are followed.

True

False

The method used by a CPA firm to ensure that the firm meets its professional responsibilities to clients and others is compliance with Generally Accepted Auditing Standards.

True

False