For each of the statements below,indicate through the appropriate letter whether it relates to the PCAOB,Auditing Standards Board,both the PCAOB and Auditing Standards Board,or neither the PCAOB nor Auditing Standards Board.
A.PCAOB
B.Auditing Standards Board
C.Both PCAOB and Auditing Standards Board
D.Neither PCAOB nor Auditing Standards Board
1___.Conducts inspections of firms that audit public entities.2___.Pronouncements may be used in the audit of nonpublic entities.3___.Pronouncements may be used in the audit of public entities.4___.Was created by the Sarbanes Oxley Act of 2002.5___.Involved with the certification and licensure of public accountants.6___.Issues Statements on Auditing Standards.7___.Conducts peer reviews of firms that audit nonpublic entities.8___.Sanctions individual auditors for violations of generally accepted auditing standards.

Question

Quizplus · Accepted Answer

The Answer of For each of the statements below,indicate through the appropriate letter whether it relates to the PCAOB,Auditing Standards Board,both the PCAOB and Auditing Standards Board,or neither the PCAOB nor Auditing Standards Board.
A.PCAOB
B.Auditing Standards Board
C.Both PCAOB and Auditing Standards Board
D.Neither PCAOB nor Auditing Standards Board
1___.Conducts inspections of firms that audit public entities.2___.Pronouncements may be used in the audit of nonpublic entities.3___.Pronouncements may be used in the audit of public entities.4___.Was created by the Sarbanes Oxley Act of 2002.5___.Involved with the certification and licensure of public accountants.6___.Issues Statements on Auditing Standards.7___.Conducts peer reviews of firms that audit nonpublic entities.8___.Sanctions individual auditors for violations of generally accepted auditing standards.

For Each of the Statements Below,indicate Through the Appropriate Letter