The Public Company Accounting Oversight Board has the power to do what?
A) Enforce internal controls within auditing firms.
B) Audit the firms who perform audits.
C) Impose sanctions against auditing firms that fail to fulfill their professional responsibilities when auditing public companies.
D) Challenge audit findings of internal auditing committees.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board has the power to impose sanctions against auditing firms that fail to fulfill their professional responsibilities when auditing public companies.

The Public Company Accounting Oversight Board Has the Power to Do