Audits of the financial statements of publicly held companies are conducted in accordance with standards approved by the ________.
A) Financial Accounting Standards Board
B) Securities and Exchange Commission
C) Institute of Certified Public Accountants
D) Public Company Accounting Oversight Board

Question

Quizplus · Accepted Answer

Audits of the financial statements of publicly held companies are conducted in accordance with standards approved by the Public Company Accounting Oversight Board. The other options mentioned are organizations that provide guidance and standards for accounting and financial reporting, but they do not have the authority to regulate or oversee the audit process for public companies.

Audits of the Financial Statements of Publicly Held Companies Are