currently, the ▼ asb of the aicpa gaas iiasb of the ifac irs pcaob sas has responsibility for establishing auditing standards for u.s. public companies, while the ▼ asb of the aicpa gaas iiasb of the ifac irs pcaob sas establishes auditing standards for u.s. private companies. prior to the creation of the pcaob, the ▼ asb gaas iiasb irs had responsibility for establishing auditing standards for both public and private compa

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08-09-2022
Business

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currently, the ▼ asb of the aicpa gaas iiasb of the ifac irs pcaob sas has responsibility for establishing auditing standards for u.s. public companies, while the ▼ asb of the aicpa gaas iiasb of the ifac irs pcaob sas establishes auditing standards for u.s. private companies. prior to the creation of the pcaob, the ▼ asb gaas iiasb irs had responsibility for establishing auditing standards for both public and private compa

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smecloudbird17 smecloudbird17 · Answer 1 · 2022-09-14T08:33:57+02:00

The PCAOB now has responsibility for establishing auditing standards for public companies, while the Auditing Standards Board (ASB) of the AICPA establishes auditing standards for private companies.

The ASB previously had responsibility for establishing auditing standards for both public and private company.

Existing inspecting norms were embraced by the PCAOB as in-between time examining principles for public organization reviews.

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