Which of the following groups are committed to the convergence of the auditing standards?
A)IAASB.
B)PCAOB.
C)AICPA.
D)Both A and C.
E)All of the above.

Question

Quizplus · Accepted Answer

The International Auditing and Assurance Standards Board (IAASB) and the American Institute of Certified Public Accountants (AICPA) are both committed to the convergence of auditing standards. The Public Company Accounting Oversight Board (PCAOB) is a US-specific regulatory body and does not participate in the international convergence effort. Therefore, choices A and C are committed while choice B is not.

Which of the Following Groups Are Committed to the Convergence