Which of the Following Is a True Statement Regarding Auditing

Multiple Choice

Which of the following is a True statement regarding auditing standards?

A) Prior to the passage of Sarbanes-Oxley,the FASB established auditing principles for U.S.public companies.
B) PCAOB auditing standards are applicable to entities outside the U.S.
C) There are no similarities between PCAOB standards and International Standards on Auditing.
D) The Auditing Standards Board has revised most of its standards to converge with the international standards.