The Organization That Will Continue to Set Auditing Standards for Firms

question 43

Multiple Choice

The organization that will continue to set auditing standards for firms auditing private companies is the

• A)FASB
• B)GAO
• C)SEC
• D)AICPA

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Definitions:

Consumers

End users who purchase goods or services for personal use, driving demand in the economy and influencing market trends and developments.

Indirect Marketing Channel

When one or more intermediaries work with manufacturers to provide goods and services to customers.

Expertise Power

When a channel member uses its expertise as leverage to influence the actions of another channel member.

Quick Response

The ability to react promptly and effectively to queries, requests, or changes.