What organization is responsible for setting auditing standards for audits of publicly-traded companies in the U.S.?
A)AICPA.
B)FASB.
C)GASB.
D)PCAOB.

Question

Quizplus · Accepted Answer

The PCAOB, or Public Company Accounting Oversight Board, is responsible for setting auditing standards for audits of publicly-traded companies in the U.S. The AICPA, FASB, and GASB all have other roles in the accounting industry, but they do not set auditing standards for public companies.

What Organization Is Responsible for Setting Auditing Standards for Audits