Which Organization Issues Auditing Standards, Carries Out Inspections of Public

question 12

Multiple Choice

Which organization issues auditing standards, carries out inspections of public accounting firms auditing U.S. public clients, and imposes sanctions when applicable?

• A) CPAB
• B) PCAOB
• C) SEC
• D) FASB
• E) AICPA

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Definitions:

Culturally Ignorant

Lacking understanding, knowledge, or awareness of other cultures and their customs, beliefs, and practices.

Caucasian

A term used to describe people of European, North African, or Southwest Asian descent, based on physical or geographical criteria.

South America

A continent located in the Western Hemisphere, mostly in the Southern Hemisphere, known for its diverse cultures, histories, and landscapes.

Constructive Criticism

Feedback provided in a positive manner aimed at promoting growth and improvement, focusing on specific issues rather than personal attributes.