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The Public Company Accounting Oversight Board
nikki1992
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The Public Company Accounting Oversight Board
The Public Company Accounting Oversight Board
▸ performs inspections of the quality controls of firms that audit public companies.
▸ establishes auditing standards that must be followed by CPAs on all audits.
▸ oversees auditors of private companies.
▸ performs all of these functions.
Textbook
Auditing and Assurance Services
Edition:
17
th
Authors:
Arens, Elder, Beasley, Hogan
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performs inspections of the quality controls of firms that audit public companies.
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Which of the following is a characteristic of the Public Company Accounting Oversight Board?
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The SEC has oversight and enforcement authority over the Public Company Accounting Oversight Board (PCAOB).
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Standards issued by the Public Company Accounting Oversight Board must be followed by CPAs who audit
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