________ are referred to as U.S. generally accepted auditing standards (GAAS).
A) AICPA auditing standards
B) SEC auditing standards
C) PCAOB auditing standards
D) Sarbanes-Oxley standards

Question

Quizplus · Accepted Answer

U.S. generally accepted auditing standards (GAAS) are established by the American Institute of Certified Public Accountants (AICPA) and are commonly referred to as AICPA auditing standards. SEC auditing standards and PCAOB auditing standards are specific to those regulatory bodies and are not part of GAAS. Sarbanes-Oxley standards refer to the legislation passed in 2002 that impacted auditing and financial reporting requirements for public companies, but they are not synonymous with GAAS.

________ Are Referred to as U