Which of the following is true of the PCAOB?
A)It can impose punishment on accounting firms that do not adhere to standards.
B)Prior to its creation, the audit profession was highly unregulated.
C)In 2015, it reorganized its auditing standards using several numbering systems.
D)When it was created, it rejected nearly all the then standards of the audit profession.

Question

Quizplus · Accepted Answer

The PCAOB has the authority to impose sanctions and disciplinary actions on accounting firms that violate standards.

Which of the Following Is True of the PCAOB