Who makes rules effecting the auditing profession?
A) Public Company Accounting Oversight Board.
B) Governmental Standards Accounting Board.
C) Financial Accounting Standards Board.
D) All of the above.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) oversees the audits of public companies to protect investors; the Governmental Accounting Standards Board (GASB) establishes accounting standards for state and local governments; and the Financial Accounting Standards Board (FASB) sets standards for public and private companies and not-for-profit organizations. Each of these organizations plays a role in setting rules that affect the auditing profession.

Who Makes Rules Effecting the Auditing Profession