What is the scope of applicability of the auditing standards of the AICPA?
A)Nonpublic companies traded in non-U.S.markets.
B)Nonpublic companies in the U.S.
C)Public companies traded in non-U.S.markets.
D)Public companies traded in the U.S.

Question

Quizplus · Accepted Answer

The auditing standards of the AICPA (American Institute of Certified Public Accountants) are primarily applicable to nonpublic companies in the U.S. Public companies in the U.S. are audited in accordance with the standards of the PCAOB (Public Company Accounting Oversight Board).

What Is the Scope of Applicability of the Auditing Standards