L22 Notes_Part_21 - © W.R Knechel Value of an Audit...

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Generally Accepted Auditing Standards GENERAL Adequate technical training and proficiency (competence) Independence (ethics and integrity) Due professional care (work effort) FIELD WORK Adequate planning and supervision Sufficient understanding of internal control Sufficient competent evidence REPORTING Generally accepted accounting principles Consistency Informative disclosures Opinion regarding the financial statements taken as a whole
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