The Organization Responsible for Establishing Auditing Standards and Inspecting and Investigating

question 126

Multiple Choice

The organization responsible for establishing auditing standards and inspecting and investigating auditing practices of public accounting firms is

• A)Congress under the authority of the Sarbanes-Oxley Act (SOX).
• B)the American Institute of Certified Public Accountants (AICPA).
• C)the Securities and Exchange Commission (SEC).
• D)the Public Company Accounting Oversight Board (PCAOB).

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Definitions:

Single By Choice

Opting to remain unmarried or not in a romantic relationship by preference rather than circumstance.

Freedom

The power or right to act, speak, or think as one wants without hindrance or restraint.

Cohabitating

Living together with another person in a long-term relationship without being legally married.

Spend

The act of using money to buy or pay for goods and services.