International Standards on Auditing (ISA)are Developed By

question 41

Multiple Choice

International standards on Auditing (ISA) are developed by:

• A)Public Company Accounting and Oversight Board (PCAOB)
• B)International Auditing and Assurance Standards Board (IAASB).
• C)International Accounting Standards Board (IASB)
• D)The International Organisation of Securities Commissions (IOSCO)

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Definitions:

Acquiring Confidence

The process of gaining self-assurance and trust in one's abilities through experience and achievements.

Mastery

The comprehensive knowledge or skilled ability in a subject or activity, often acquired through practice and learning.

Concept Of Transition

The understanding or exploration of changes, development, or movement from one state, condition, or phase to another.

Inertia

A property of matter by which it remains at rest or in uniform motion in the same straight line unless acted upon by some external force.