Statements on Auditing Standards (SASs) are issued by the Public Company Accounting Oversight Board.

Question

Quizplus · Accepted Answer

Statements on Auditing Standards (SASs) are actually issued by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA), not the Public Company Accounting Oversight Board (PCAOB). However, the PCAOB does have the authority to adopt and modify the AICPA's standards as necessary for audits of public companies.

Statements on Auditing Standards (SASs) Are Issued by the Public