Which of the Following Statements Is Not True with Respect

question 20

Multiple Choice

Which of the following statements is not true with respect to the responsibility for establishing generally accepted auditing standards?

• A)The PCAOB issues auditing standards for the audit of issuers, subject to SEC approval.
• B)Standards issued by the Auditing Standards Board after 2003 apply to the audits of both issuers and non-issuers.
• C)The Auditing Standards Board currently issues auditing standards for the audit of non-issuers.
• D)Prior to the Sarbanes-Oxley Act, the Auditing Standards Board issued auditing standards for the audits of both issuers and non-issuers.

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Definitions:

Transportation Economies

The cost-saving benefits achieved through efficient management of transportation activities, often through scale or optimized routing.

High-Quality Personnel

Individuals within an organization who are highly skilled, knowledgeable, and capable, contributing significantly to its success.

DC Operations

Activities involved in the day-to-day functioning of a Distribution Center, including goods receipt, storage, packaging, and shipping.

Contract Warehousing

A logistics service model where a company hires a third-party provider under a contract to manage and operate a warehouse on their behalf.