Question 1
The AICPA principles underlying an audit are organized around four principles. Which of the following is
not one of those principles?
◦ fairness
◦ responsibilities
◦ reporting
◦ performance
Question 2
The principles underlying an audit
◦ contain the procedures that must be followed during an audit.
◦ carry the same authority as AICPA auditing standards.
◦ only apply to the audits of public companies.
◦ provide structure for the clarified Codification.