Which of the following is a function of the Public Company Accounting Oversight Board?
A)It provides relief to banks during financial crisis.
B)It ensures that accounting firms do not separate their consulting and auditing businesses.
C)It makes rules and policies for accounting firms and businesses.
D)It overlooks the accounts department of the federal government.
E)It certifies individuals to provide accounting services.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) is responsible for making rules and policies for accounting firms and businesses, particularly those involved in auditing public companies, to ensure the accuracy and integrity of financial statements and reports.

Which of the Following Is a Function of the Public