The Public Company Accounting Oversight Board (PCAOB)is not responsible for standards related to:
A)Accounting practice.
B)Attestation.
C)Auditing.
D)Quality control over attestation and/or assurance.

Question

Quizplus · Accepted Answer

The PCAOB is responsible for setting and enforcing auditing, quality control, and ethics standards for public company auditors, but not for accounting practice. Accounting standards are set by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB).

The Public Company Accounting Oversight Board (PCAOB)is Not Responsible for Standards