ACCA AA · Chapter 2 · Question 1 of 10
Which body issues International Standards on Auditing (ISAs)?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The International Auditing and Assurance Standards Board (IAASB)
Explanation
ISAs are developed and issued by the IAASB, which operates under the International Federation of Accountants. The IASB issues IFRS Accounting Standards, IESBA issues the international ethics code on which the ACCA Code is based, and IOSCO is a body of securities regulators.
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