The PCAOB periodically issues Staff Audit Practice Alerts, and these _______.
A)are meant to provide guidance in the application of the standards
B)have the full weight of any audit standard
C)are FASB standards
D)are IRS regulations

Question

Quizplus · Accepted Answer

Staff Audit Practice Alerts from the PCAOB provide guidance in the application of the standards, but they do not have the full weight of any audit standard. They are not FASB standards nor are they IRS regulations.

The PCAOB Periodically Issues Staff Audit Practice Alerts, and These