In 1918, the American Institute of Accountants (AIA) worked with which of the following organizations to publish minimum standards for conducting a balance sheet audit?
A)The Federal Trade Commission (FTC)
B)The Securities and Exchange Commission (SEC)
C)The American Society of Certified Public Accountants
D)The New York Stock Exchange (NYSE)

Question

Quizplus · Accepted Answer

In 1917, the Federal Trade Commission (FTC) requested the American Institute of Accountants (AIA) to develop a set of auditing standards. This collaboration led to the publication of the first minimum standards for conducting a balance sheet audit in 1918, marking a significant step in the development of auditing standards in the United States.

In 1918, the American Institute of Accountants (AIA) Worked with Which