To ensure proper application of a CPA's technical knowledge,the Public Company Accounting Oversight Board issues:
A)Generally Accepted Accounting Principles.
B)Statements of Financial Accounting Standards.
C)Accounting Standards Updates.
D)Generally Accepted Auditing Standards.
E)Sarbanes-Oxley Acts for Accounting.

Question

Quizplus · Accepted Answer

The PCAOB issues Generally Accepted Auditing Standards (GAAS) to guide CPAs in properly applying their technical knowledge in auditing public companies. GAAS provides a framework for how audits should be planned, performed, and reported. It includes auditing procedures and techniques, as well as ethical and professional standards. Therefore, D is the most appropriate choice.

To Ensure Proper Application of a CPA's Technical Knowledge,the Public