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What is the purpose of ISAs (International Standards on Auditing)?
  • a)
    To define the scope of auditing for different industries.
  • b)
    To establish accounting principles for international companies.
  • c)
    To guide auditors in conducting audits according to international standards.
  • d)
    To determine the format of financial statements.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of ISAs (International Standards on Auditing)?a)To...
ISAs, or International Standards on Auditing, provide guidelines and principles for auditors to conduct audits in accordance with internationally accepted standards, ensuring consistency and quality in auditing practices.
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What is the purpose of ISAs (International Standards on Auditing)?a)To define the scope of auditing for different industries.b)To establish accounting principles for international companies.c)To guide auditors in conducting audits according to international standards.d)To determine the format of financial statements.Correct answer is option 'C'. Can you explain this answer?
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