The Standard Setters: The AICPA and the PCAOB The AICPA and PCAOB are responsi CPAS. This term broadly refers to standards for client service engagements (such as audit and consulting standards), as well as independence and ethics standards. ble for establishing professional standards for broadly refers to standards for client service engagements (suc s audiLO1 he The Sarbanes-Oxley Act of 2002, Title II (Auditor Independence), Sec. 201(g), "Prohibited Activities," or coute AICPA, Statement on Standards for Consulting Services No. 1, par. 9 and footnote 3. n. S