Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

Exercise 24

The Public Company Accounting Oversight Board
A) Is a quasi-governmental organization that has legal authority to set auditing standards for audits of public companies.
B) Is a quasi-governmental organization that has legal authority to set accounting standards for public companies.
C) Is a quasi-governmental organization that has a policy to ignore public comment and input in the process of setting auditing standards.
D) Is a quasi-governmental organization that is independent of the SEC in setting auditing standards.