How do the Principles Underlying an Audit Conducted in Accordance with the GAAS relate to the 10 GAAS, and how are they different?
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total answers (1)
Accounting
- The Principles Underlying an Audit include all of the key concepts conveyed in the 10 GAAS, but do so in a more organized and coherent manner.
- They also address other key concepts that are not addressed in the 10 GAAS, such as explicitly identifying the fundamental purpose of an audit and management's responsibilities.
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