Members of the Public Company Accounting Oversight Board are appointed and overseen by:
A)the U.S.Congress.
B)the American Institute of Certified Public Accountants.
C)the Auditing Standards Board.
D)the Securities and Exchange Commission.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) was established by the Sarbanes-Oxley Act of 2002, and its members are appointed by the Securities and Exchange Commission (SEC). The SEC also has oversight responsibilities for the PCAOB. Therefore, choice D is the correct answer.

Members of the Public Company Accounting Oversight Board Are Appointed