Which Organization Can Issue Auditing Standards in the United States

question 5

Multiple Choice

Which organization can issue auditing standards in the United States?

• A) AICPA
• B) FASB
• C) SEC
• D) PCAOB
• E) All of these are correct.

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Definitions:

Goodness Of Fit Model

A concept in psychology that describes how well an individual's temperament matches the expectations and demands of their environment, impacting their development.

Merchant

An individual or business that sells goods or services in the market.

Article 2

Refers to a portion of the Uniform Commercial Code that deals with the sale of goods.

Provisions

Specific clauses or articles in a contract or legal statute detailing certain conditions, requirements, or stipulations.