Auditing and Related Professional Practice Standards by the Public Company Accounting Oversight Board (Vol.2, Chinese-English Edition)

In the section 103 of Sarbanes-Oxley Act of 2002, the Public Company Accounting Oversight Board (PCAOB) is authorized to establish auditing standards for the certified public accountant (CPA) firms registered and recorded in PCAOB to compile and issue the public company auditing reports. In the beginning of establishment, PCAOB firstly took previous statements on auditing standards released by the American Institute of Certified Public Accountants (AICPA) as transitional auditing standards (AU for short), and established formal PCAOB auditing standards (AS for short) gradually. It is easy to find that, these auditing standards have been widely implemented in the auditing of listed companies in the United States, and have become recognized by more and more accounting regulatory authorities of other countries as a reference.