Which organization creates and administers the CPA exam and audit standards, and develops behavioral guidelines?

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Multiple Choice

Which organization creates and administers the CPA exam and audit standards, and develops behavioral guidelines?

Explanation:
The American Institute of Certified Public Accountants is the organization that designs the CPA exam, helps set auditing standards used by CPAs, and develops behavioral and ethics guidelines for the profession. The exam content is created by AICPA (with administration handled through NASBA), while auditing standards issued by the AICPA’s Auditing Standards Board guide CPAs in attestation work. The other groups focus on different areas: PCAOB oversees audits of public companies and their standards, FASB sets accounting rules (GAAP), and IFRS represents international reporting standards.

The American Institute of Certified Public Accountants is the organization that designs the CPA exam, helps set auditing standards used by CPAs, and develops behavioral and ethics guidelines for the profession. The exam content is created by AICPA (with administration handled through NASBA), while auditing standards issued by the AICPA’s Auditing Standards Board guide CPAs in attestation work. The other groups focus on different areas: PCAOB oversees audits of public companies and their standards, FASB sets accounting rules (GAAP), and IFRS represents international reporting standards.

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