Which of the following bodies oversees audits and auditors, and sanctions firms and individuals for violations of laws and regulations?
A) American Institute of Certified Public Accountants (AICPA).
B) American Accounting Association (AAA).
C) Public Company Accounting Oversight Board (PCAOB).
D) Financial Accounting Standards Board (FASB).
E) Accounting Principles Board (APB).

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) is responsible for overseeing the audits of public companies, other issuers, and broker-dealers to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. It has the authority to investigate and discipline accounting firms and individuals for violations of laws and regulations.

Which of the Following Bodies Oversees Audits and Auditors, and Sanctions