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 International Standards on Auditing (ISA's).
D) Both B and C are correct.

Question

Quizplus · Accepted Answer

- Statement on Auditing Standards (SASs) are issued by the AICPA, not the PCAOB.
- The ASB Clarity Project was indeed intended to make the U.S. auditing standards easier to read, understand, and apply.
- The ASB redrafted existing AICPA auditing standards to align them with respective International Standards on Auditing (ISAs). Therefore, both options B and C are correct.

Which of the Following Is True with Regards to the Various