Question

In cases of a publicly traded company audit in the United States, when International Standards on Auditing (SAS) conflict wit
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans The PCAOB standard is applicable.

PCAOB standard rules over International Standards on Auditing. Whenever there is conflict between ISA with PCAOB then PCAOB standard are applicable.

Add a comment
Know the answer?
Add Answer to:
In cases of a publicly traded company audit in the United States, when International Standards on...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • "Mid-tier" firms A) Audit about 80% of publicly traded companies in the United States. B) Are...

    "Mid-tier" firms A) Audit about 80% of publicly traded companies in the United States. B) Are national in their practices and have international affiliates. C) Are generally regional in their practices (such as the west coast). D) Are generally local in their practices (such as large metropolitan areas).

  • QUESTION 5 0.1 points Save Answer Audits are required for publicly traded companies in the United...

    QUESTION 5 0.1 points Save Answer Audits are required for publicly traded companies in the United States. are designed to provide absolute assurance that the financial statements are free of material misstatement. do not require the auditor to express their opinion in a written report. are an assurance service, but not an attestation service QUESTION 6 0.1 points Save Answer External users of the financial statements value the auditor's report because of the auditor's independence from the client. look to...

  • TB MC Qu. 01-47 The financial statements of... The financial statements of a United States public...

    TB MC Qu. 01-47 The financial statements of... The financial statements of a United States public company are most likely to follow. Multiple Choice rences Ο O Generally accepted accounting principles Ο International Standards of Auditing Ο Public Company Accounting Oversight Board Principles Ο Quality control standards Prev 1 of 36 !!! Next >

  • Bell Manufacturing, Inc. is a publicly traded company that produces consumer goods for sale, primarily to...

    Bell Manufacturing, Inc. is a publicly traded company that produces consumer goods for sale, primarily to wholesalers. The company hired your accounting firm, Hogue & Company, more than three years ago under both auditing and consulting engagements to assist with its initial public offering of common stock under the 1933 Securities Act. Hogue & Company is among the 12 largest accounting firms in the United States. It has developed a respectable reputation regarding its ability to help growing companies go...

  • Bell Manufacturing, Inc. is a publicly traded company that produces consumer goods for sale, primarily to...

    Bell Manufacturing, Inc. is a publicly traded company that produces consumer goods for sale, primarily to wholesalers. The company hired your accounting firm, Hogue & Company, more than three years ago under both auditing and consulting engagements to assist with its initial public offering of common stock under the 1933 Securities Act. Hogue & Company is among the 12 largest accounting firms in the United States. It has developed a respectable reputation regarding its ability to help growing companies go...

  • B) Multiple choices: 60 points: for each statement circle the best answer. 1) The three requirements...

    B) Multiple choices: 60 points: for each statement circle the best answer. 1) The three requirements for becoming a CPA include all but which of the following A) Uniform CPA examination requirement B) Educational requirements C) Character requirements D) Experience requirement 2) The International Standards on Auditing (ISAs) A) are issued by the AICPA B) override a country's regulations governing the audit of a company C) has many of the same standards as the Auditing Standards Board (ASB) D) must...

  • Which of the following matters would an auditor most likely consider to be a significant deficiency to be communicated to the audit committee

    1. Which of the following matters would an auditor most likely consider to be a significant deficiency to be communicated to the audit committee? A. Management's failure to renegotiate unfavorable long-term purchase commitments.B. Recurring operating losses that may indicate going concern problems.C. Evidence of a lack of objectivity by those responsible for accounting decisions.D. Management's current plans to reduce its ownership equity in the entity. 2. After obtaining an understanding of internal control and arriving at a preliminary assessed level...

  • Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming...

    Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...

  • CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a...

    CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT