Which of the following is true of the Public Company Accounting Oversight Board (PCAOB)?
A)All members of the PCAOB must be CPAs.
B)The PCOAB was created by the Tax Reform Act of 1976.
C)The SEC has oversight and enforcement authority over the PCOAB.
D)The PCOAB does not have any disciplinary authority over accountants and accounting firms.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) is under the oversight and enforcement authority of the Securities and Exchange Commission (SEC), ensuring that it operates within the legal framework established for the auditing of public companies.

Which of the Following Is True of the Public Company