Which of the following has the lowest authoritative status but may be useful in assisting the auditor in applying the SASs?
a. Statements on Auditing Standards.
b. Auditing Statements of Position.
c. Journal of Accountancy articles.
d. Auditing Interpretations.
Answer: C
CPA Exam
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- Which of the following items would most likely require an adjustment to the financial statements for the year ended December 31, year 1?
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