In China, Who Is Responsible for Regulating Auditing Practice

question 3

Multiple Choice

In China, who is responsible for regulating auditing practice?

• A) Chinese Institute of Certified Public Accountants (CICPA)
• B) Government, through local audit bureaus
• C) Chinese stock exchange
• D) Auditing Practices Board (APB)

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Definitions:

Subcortical Structures

The parts of the brain located below the cerebral cortex, involved in various functions including memory and emotion.

Cortex

The outer layer of the cerebrum in the brain, involved in various high-level functions such as thought, perception, and memory.

Limbic System

A complex system of nerves and networks in the brain, involved in instinct and mood control. It regulates fundamental emotions and drives, such as pleasure, fear, and anger.

Brain Stem

The brain stem is the lower extension of the brain, connected to the spinal cord, responsible for controlling essential life-sustaining functions like breathing and heart rate.