Q:

In comparing the independence requirements of the AICPA with those of the SEC which of the following statements is the most accurate?

Ibrahimhamm
Save to bookmark
|
2022-07-05
|
  98 
0

In comparing the independence requirements of the AICPA with those of the SEC which of the following statements is the most accurate?

  1. The SEC has not issued any independence requirements, all independence requirements come from the AICPA.
  2. The independence requirements of the AICPA are more stringent than the independence requirements of the SEC.
  3. The independence requirements of the AICPA and the SEC are essentially the same.
  4. The independence requirements of the AICPA are less stringent than the independence requirements of the SEC.
Accounting, textbook solutions, MCQ Questions, Accounting textbook-solutions, Accounting MCQ-questions,
login and add your own answer to this question

All Answers

Ibrahimhamm
2022-07-05
need an explanation for this answer? contact us directly to get an explanation for this answer

D. The independence requirements of the AICPA are less stringent than the independence requirements of the SEC.

Explanation: The SEC has set more stringent independence requirements applying to audits of publicly held corporations traded on national exchanges. The less stringent independence requirements of the AICPA apply to all audits performed by AICPA members.

need an explanation for this answer? contact us directly to get an explanation for this answer

total answers (1)

Similar questions

need a help?

find thousands of online teachers now