What is the significance of the reorganization of PCAOB standards into a new codification or referencing number system? What is the significance of the reorganization of PCAOB standards into a new codification or referencing number system? It simplifies auditing standards, making them easier to follow. It completely overhauls the auditing standards for nonpublic companies. It introduces a new set of auditing standards exclusively for international audits. It organizes PCAOB standards by topic and assigns unique section numbers for reference