The International Standards on Auditing (ISAs):
A)are issued by the AICPA.
B)override a country's regulations governing the audit of a company.
C)has many of the same standards as the Auditing Standards Board (ASB).
D)must be followed by companies whose stock is traded in the U.S.

Question

Quizplus · Accepted Answer

The ISAs have many of the same standards as the ASB, but are issued by the International Auditing and Assurance Standards Board (IAASB) and are not binding on any country's regulations. They are not specifically mandated for companies whose stock is traded in the U.S.