Which organization is responsible for setting International Standards on Auditing?
A) IASB
B) IFRS
C) IAASB.
D) AICPA

Question

Quizplus · Accepted Answer

The International Auditing and Assurance Standards Board (IAASB) is responsible for setting International Standards on Auditing (ISAs). The International Accounting Standards Board (IASB) sets International Financial Reporting Standards (IFRSs). The American Institute of Certified Public Accountants (AICPA) is a professional organization for accountants in the United States.

Which Organization Is Responsible for Setting International Standards on Auditing