Auditing is highly regulated, subject to many regulatory influences, including:
1)professional bodies
2)stock exchanges
3)government regulatory agencies
4)state and federal legislation
A) 1, 2, & 4
B) 1, 2, & 3
C) 1, 3, & 4
D) 1, 2, 3, & 4

Question

Quizplus · Accepted Answer

Auditing is regulated by a variety of entities including professional bodies (such as the American Institute of Certified Public Accountants or AICPA), stock exchanges (which have their own listing requirements including audit requirements), government regulatory agencies (like the Securities and Exchange Commission or SEC), and state and federal legislation (which includes laws and regulations governing financial reporting and auditing). These entities establish standards and rules that auditors must follow, ensuring the integrity and reliability of financial reporting.

Auditing Is Highly Regulated, Subject to Many Regulatory Influences, Including