Under the Sarbanes-Oxley Act, in order to audit a public company, ________.
A) only public accountants must constitute the audit committee
B) a public accounting firm must register with the Public Company Accounting Oversight Board (PCAOB)
C) all public accounting firms must assign an accountant who works closely with one client over a long duration of time
D) the law of accountant-client privilege must be accepted by the state legislative mechanism

Question

Quizplus · Accepted Answer

Under the Sarbanes-Oxley Act, in order to audit a public company, a public accounting firm must register with the Public Company Accounting Oversight Board (PCAOB). This board oversees the auditing standards and practices of public accounting firms.

Under the Sarbanes-Oxley Act, in Order to Audit a Public