Auditing Standards Flashcards
0
Q
What board establishes auditing & prof practice standards tb used in preparation & issuance of audit report for issuers
A
Public comp accounting oversight board
1
Q
Compliance w what standards r mandatory for all audit engagements
A
GAAS
2
Q
Issuers r subject to rules of the
A
SEC & primarily public companies
3
Q
PCOAB is comprised of
A
5 ft members 2 CPAs; 3 r not
4
Q
Who establish international standards on auditing
A
International auditing & assurance standards board (ISAAB)
