Among the many responsibilities of the PCAOB is to adopt accounting standards.

Name: Among the many responsibilities of the PCAOB is to adopt accounting standards.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

The PCAOB is not responsible for adopting accounting standards. Its primary responsibility is to oversee and regulate the auditing profession, including setting auditing standards and conducting inspections of audit firms. Accounting standards are primarily set by the Financial Accounting Standards Board (FASB) in the United States.

Among the Many Responsibilities of the PCAOB Is to Adopt