For Each of the Statements Below,indicate Through the Appropriate Letter

question 42

Short Answer

For each of the statements below,indicate through the appropriate letter whether it relates to the PCAOB,Auditing Standards Board,both the PCAOB and Auditing Standards Board,or neither the PCAOB nor Auditing Standards Board.
A.PCAOB
B.Auditing Standards Board
C.Both PCAOB and Auditing Standards Board
D.Neither PCAOB nor Auditing Standards Board
1___.Conducts inspections of firms that audit public entities.2___.Pronouncements may be used in the audit of nonpublic entities.3___.Pronouncements may be used in the audit of public entities.4___.Was created by the Sarbanes Oxley Act of 2002.5___.Involved with the certification and licensure of public accountants.6___.Issues Statements on Auditing Standards.7___.Conducts peer reviews of firms that audit nonpublic entities.8___.Sanctions individual auditors for violations of generally accepted auditing standards.

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Definitions:

U.S. Senate

One of the two chambers of the United States Congress, consisting of two senators from each state, responsible for making and passing federal laws.

Administrative Strategy

A plan of action designed to achieve specific goals within an organization through the efficient use of resources and processes.

Government Accountability Office

An independent, nonpartisan agency that works for the U.S. Congress to audit government expenditures and ensure federal funds are used efficiently and effectively.

Executive Orders

Executive Orders are directives issued by the President of the United States to manage operations of the federal government.