Investigating registered public accounting firms and their employees, conducting disciplinary hearings, and imposing sanctions where justified are duties of which of the following bodies?

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Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) is responsible for investigating registered public accounting firms and their employees, conducting disciplinary hearings, and imposing sanctions where justified. The General Accounting Office's (GAO) Oversight Board oversees government spending and has no involvement in accounting firm regulation. The AICPA's Accounting Standards Board focuses on setting accounting standards, not regulating firms. The SEC's Subcommittee on Corporate Governance primarily focuses on making recommendations on corporate governance practices, and while it may have some involvement in regulating accounting firms, it is not its primary role.

Investigating Registered Public Accounting Firms and Their Employees, Conducting Disciplinary