Four GAAS are included in this chapter. Listed below are items pertaining to these standards: 1. Being

Question:

Four GAAS are included in this chapter. Listed below are items pertaining to these standards:

1. Being unbiased during the audit.

2. Preparing an audit program.

3. Taking continuing professional education courses.

4. Communicating with predecessor auditor after accepting engagement.

5. Being a prudent practitioner.

6. Reviewing business and industry data.

7. Directing less qualified assistants.

8. Assigning professional staff to engagement.

9. Scheduling the audit work.

10. Touring client operations.

11. Reviewing work done by assistants.

12. Designating an SEC expert for the engagement.

Required:

a. Indicate the essence of each of the first four GAAS.

b. Identify the auditing standard that relates to each of the above items.

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