The Statement That Is Not True in Relation to the Internationalisation

question 4

Multiple Choice

The statement that is not true in relation to the internationalisation of auditing standards is:

• A)Many multinational firms voluntarily choose to have their financial statements audited according to international accounting standards
• B)Auditing standards are being internationalised for the same reasons as accounting standards were internationalised
• C)In the past the International Auditing and Assurance Standards Board (IAASB)has been praised for its independence from the auditing profession
• D)None of the statements are untrue,i.e.all are true statements