What Organization Is Responsible for Setting Auditing Standards for Audits

question 34

Multiple Choice

What organization is responsible for setting auditing standards for audits of publicly-traded companies in the U.S.?

• A)AICPA.
• B)FASB.
• C)GASB.
• D)PCAOB.

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Definitions:

W. Edwards Deming

An American engineer, statistician, professor, author, lecturer, and management consultant known for his work in quality management.

Operations Management

The administration of business practices aimed at ensuring maximum efficiency within a company, focusing on managing processes, materials, and people effectively.

Service Attribute

A feature or characteristic that adds value to a service, influencing customer satisfaction and preferences.

Intangible Product

A product that cannot be touched or physically measured, such as digital goods, services, or intellectual property.