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Which of the audit standards must the CPA use

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Reference no: EM132716619

Problem 1: An independent CPA is engaged to audit the financial statements of Holland City . The city has a variety of revenue sources including a $350,000 grant from the U.S. Department of Housing and Urban Development. Which of the following audit standards must the CPA use when conducting the audit?

Option 1: The AICPA audit standards.

Option 2: The GAO audit standards.

Option 3: The OMB audit standards.

Option 4: All of the standards listed in the choices.

Reference no: EM132716619

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