Who is responsible for developing and approving international auditing and assurance standards?
A)The International Auditing and Assurance Standards Board.
B)The Australian Auditing and Assurance Standards Board.
C)The International Forum for Independent Audit Regulators.
D)The International Accounting Standards Board.

Question

Quizplus · Accepted Answer

The International Auditing and Assurance Standards Board is responsible for developing and approving international auditing and assurance standards. The other options listed do not have the same authority and mandate as the IAASB in this regard.

Who Is Responsible for Developing and Approving International Auditing and Assurance