This organization is part of the AICPA and was the group responsible for issuing statements on auditing standards which were historically widely used in practice.
A)Auditing Standards Board
B)Public Company Accounting Oversight Board
C)International Audit Practices Committee
D)Information Systems Audit and Control Association

Question

Quizplus · Accepted Answer

The Auditing Standards Board (ASB) is part of the AICPA and is responsible for issuing statements on auditing standards (SAS). These standards were historically widely used in practice, but they were superseded by the PCAOB's auditing standards for public companies.

This Organization Is Part of the AICPA and Was the Group