The true statement is:
A) most countries in the world have auditing standards that are legally enforceable
B) few countries in the world have auditing standards that are legally enforceable
C) australia is the only country in the world that has auditing standards that are legally enforceable
D) the IAASB produces accounting standards which are legally enforceable in each country which adopts them.

Question

Quizplus · Accepted Answer

Auditing standards vary significantly across different countries, and while many countries have established auditing standards, not all of these standards are legally enforceable. The statement that few countries have legally enforceable auditing standards reflects the reality that, although auditing standards exist globally, their legal enforceability is not universal.

The True Statement Is