Which of the Following Statements About the Public Company Accounting

Which of the following statements about the Public Company Accounting Oversight Board (PCAOB) is false?

A) The PCAOB is a federal agency with broad regulatory power like the Financial Industry Regulatory Authority (FINRA) .
B) The PCAOB was created to oversee the audits of public companies.
C) Public accounting firms that audit financial statements of public companies are required to register with PCAOB and submit to its rules.
D) he PCAOB has the power to inspect periodically public accounting firms and to issue reports of the results of the reviews.