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:

Public Policy

The principles and actions adopted or proposed by a government or organization to address public issues, concerns, or the welfare of the community.

Justified Punishment

A penalty deemed appropriate and rightful, given in response to a violation of laws or ethical standards.

Greater Balance

The concept of achieving a more equitable or harmonious distribution in various aspects of life or systems.

Act Utilitarianism

A form of utilitarianism that assesses each separate act according to whether it maximizes pleasure or minimizes pain, focusing on the consequences of individual actions.