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    Question

    Which Statement on Auditing (SA) provides guidance on the overall objectives of the independent auditor and the conduct of an audit in accordance with standards on auditing?

    A SA 100, Basic Principles Governing an Audit Correct Answer Incorrect Answer
    B SA 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing Correct Answer Incorrect Answer
    C SA 300, Planning an Audit of Financial Statements Correct Answer Incorrect Answer
    D SA 400, Risk Assessments and Internal Control Correct Answer Incorrect Answer

    Solution

    SA 200, titled "Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing," is a foundational Statement on Auditing (SA) that provides guidance to auditors on the fundamental objectives they should aim to achieve during an audit. It outlines the principles and requirements for conducting an audit in compliance with auditing standards.

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