Which of the following is a true statement?
A) The SEC approves the rules used by the auditors in determining whether a public company's financial statements are in conformity with GAAP.
B) The PCAOB and the SEC were both created by the FASB.
C) The SEC was created by the PCAOB.
D) The PCAOB approves the rules used by auditors in determining whether a public company's financial statements are in conformity with GAAP.
Correct Answer:
Verified
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