Which of the following statements concerning a financial statement audit conducted in accordance with generally accepted auditing standards is not true?

Auditors have a higher responsibility for detecting noncompliance with laws affecting financial statement amounts and disclosures than they do for other laws.

At one point, the Public Company Oversight Board adopted the AICPA auditing standards in existence as its interim auditing standards.

The Auditing Standards Board issues accounting principles for nonpublic company audits, while the Public Company Accounting Oversight Board issues accounting principles for public company audits.

For audit purposes, professional skepticism includes a questioning mind and a critical assessment of audit evidence and should be maintained throughout the planning and performance of an audit.