Which of the following is not true with respect to the responsibilities for establishing generally accepted auditing standards? (Business)
a) Generally accepted auditing standards are established by the Financial Accounting Standards Board (FASB).
b) The American Institute of Certified Public Accountants (AICPA) plays a significant role in establishing auditing standards.
c) The Public Company Accounting Oversight Board (PCAOB) has the authority to set auditing standards for public companies.
d) Auditing standards are designed to ensure the quality and integrity of financial audits.
