The Auditing Standards Board gets its authority to write auditing regulations from
A)the misapplication of auditing procedures
B)rule 3001 of the PCAOB Code of Professional Conduct
C)rule 202 of the AICPA Code of Professional Conduct
D)the Securities and Exchange Commission

Question

Quizplus · Accepted Answer

The Auditing Standards Board (ASB) gets its authority to write auditing regulations from rule 202 of the AICPA (American Institute of Certified Public Accountants) Code of Professional Conduct. This rule gives the ASB the responsibility to establish auditing standards and provides them with the necessary authority to do so.

The Auditing Standards Board Gets Its Authority to Write Auditing