Which of the Following Statements About the Auditing Standards Issued

question 68

Multiple Choice

Which of the following statements about the auditing standards issued by the AICPA is true?

• A)The auditing standards issued by the AICPA are no longer recognized by the PCAOB.
• B)The auditing standards issued by the AICPA are no longer recognized by the profession because the AICPA voted itself out of existence.
• C)The auditing standards issued by the AICPA continue to be issued by that organization for audits of public companies.
• D)The auditing standards issued by the AICPA were used by the PCAOB as a starting point.

---

Definitions:

Space Exploration

The investigation and study of outer space through manned and unmanned spacecraft missions, aimed at discovering and understanding more about the universe beyond Earth's atmosphere.

Gasoline Combustion

The chemical process where gasoline is burned in an engine to produce energy.

Societal Responsibility

The obligation of organizations and individuals to act for the benefit of society at large, emphasizing ethics, morality, and social impact.

Anheuser-Busch

A leading American brewing company known for producing popular beer brands like Budweiser and Bud Light.