Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Idicate the organization or organizations associated with each activity (Organizations associated with the public accounting profession) Several private and public sector organizations are associated with

Idicate the organization or organizations associated with each activity image text in transcribed
(Organizations associated with the public accounting profession) Several private and public sector organizations are associated with the profession. Listed below are activities pertaining to these organizations. 1. License individuals to practice as CPAs. 2. Promulgate GAAP 3. Issue Statements on Auditing Standards. 4. Regulate the distribution and trading of securities offered for public sale. 5. Establish its own code of professional ethics. 6. Issue Statements of Financial Accounting Standards. 7. Impose mandatory continuing education as a requirement for renewal of license to practice as a CPA. 8. Issue disclosure requirements for companies under its jurisdiction that may exceed GAAP 9. Issue auditing interpretations. 10. Cooperate with the AICPA in areas of mutual interest such as continuing professional education and ethics enforcement. 11. Take punitive action against an independent auditor. 12. Establish accounting principles for state and local governmental entities. 13. Establish GAAS. 14. Suspend or revoke a CPA's license to practice. 15. Establish quality control standards. 16. Operate as proprietorships, partnerships, or professional corporations. 17. Issue government auditing standards. 18. Administer federal tax laws. Required Indicate the organization or organizations associated with each activity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Accounting Concepts Principles And Procedures Volume 2

Authors: Gregory Mostyn, Worthy And James

1st Edition

0979149495, 9780979149498

More Books

Students also viewed these Accounting questions