The Center for Audit Quality has the primary authority to set auditing standards.

Question

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The primary authority to set auditing standards lies with the Public Company Accounting Oversight Board (PCAOB) and the Financial Accounting Standards Board (FASB) for private entities. The Center for Audit Quality is a non-profit organization that focuses on promoting high-quality audit practices and providing resources and education for auditors.

The Center for Audit Quality Has the Primary Authority to Set