Which of the Following Statements About the Auditing Standards Issued

question 68

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.

---

Definitions:

Experience

The knowledge or skill that one gains through involvement in or exposure to an activity over time.

Electronic Files

Digital documents or records stored on a computer or network, used for efficient storage, retrieval, and management.

Passwords

Secret word or phrases used to verify the identity of a user accessing a computer system or service.

Legal Service

Professional services provided by qualified lawyers or legal practitioners, including advice, representation, or document preparation.