The organization that is responsible for providing oversight for auditors of public companies is called the
A) Auditing Standards Board.
B) American Institute of Certified Public Accountants.
C) Public Oversight Board.
D) Public Company Accounting Oversight Board.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) is the organization responsible for providing oversight for auditors of public companies. The Auditing Standards Board (ASB) and American Institute of Certified Public Accountants (AICPA) are related to auditing standards, but they do not have oversight authority over public company auditors. The Public Oversight Board (POB) was dissolved in 2008 and its responsibilities were transferred to the PCAOB.

The Organization That Is Responsible for Providing Oversight for Auditors