Multiple Choice
Which of the following statements about the auditing standards issued by the AICPA is true?
A) The auditing standards issued by the AICPA are no longer recognized by the PCAOB.
B) The auditing standards issued by the AICPA are no longer recognized by the profession because the AICPA voted itself out of existence.
C) The auditing standards issued by the AICPA continue to be issued by that organization for audits of public companies.
D) The auditing standards issued by the AICPA were used by the PCAOB as a starting point.
Correct Answer:

Verified
Correct Answer:
Verified
Q63: A controls reliance audit includes substantive procedures
Q64: Which of the following groups are committed
Q65: Which of the following is not a
Q66: The common purpose of auditing standards created
Q67: PCAOB guidance includes standards on certain auditor
Q69: Which of the following is not required
Q70: Inherent risk refers to the susceptibility of
Q71: The auditor is not required to test
Q72: In performing substantive tests on account balances,the
Q73: Which of the following organizations provides auditing