For each engagement described below, indicate whether the engagement is likely to be conducted under international auditing
Question:
For each engagement described below, indicate whether the engagement is likely to be conducted under international auditing standards, AICPA auditing standards, or PCAOB auditing standards.
a. An audit of a public company headquartered in the U.S. listed only on U.S. exchanges.
b. An audit of a not-for-profit organization with operations in Pennsylvania.
c. An audit of a private company in the U.S. with public debt traded on a U.S. exchange.
d. An audit of a U.S. private company to be used for a loan from a publicly traded bank.
e. An audit of a German private company with public debt in Germany.
f. An audit of an international nonprofit relief agency headquartered in Switzerland.
g. An audit of a U.S. broker-dealer registered with the SEC.
h. An audit of a Mexico-based company whose stock is listed on stock exchanges in the U.S. and whose financial statements will be filed with the SEC.
i. An audit of a U.S. public company that is a subsidiary of a Japanese company that will be used for reporting by the parent company in Japan.
Step by Step Answer:
Auditing And Assurance Services An Integrated Approach
ISBN: 9780135176146
17th Edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley