Which of the following is True with regards to the various auditing standards?
A)Statements on Auditing Standards (SASs)are issued by the PCAOB.
B)The ASB Clarity Project was intended to make the U.S.auditing standards easier to read,understand,and apply.
C)The ASB redrafted existing AICPA auditing standards to align them with respective ISAs.
D)Both B and C are correct.

Question

Quizplus · Accepted Answer

Statements on Auditing Standards (SASs) are issued by the American Institute of Certified Public Accountants (AICPA). The ASB Clarity Project was undertaken by the AICPA to make the U.S. auditing standards easier to read, understand, and apply. As part of this effort, the ASB redrafted existing AICPA auditing standards to align them with respective International Standards on Auditing (ISA). Therefore, both statements B and C are correct.

Which of the Following Is True with Regards to the Various