Assume the Public Company Accounting Oversight Board (PCAOB)identifies a violation during its inspection of a registered accounting firm.The PCAOB

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The PCAOB has the authority to censure, suspend, or revoke the registration of the accounting firm, impose fines, or require specific remedial actions to be taken by the firm. Therefore, option B is the best choice as it indicates the possible actions that can be taken by the PCAOB in case of a violation.

Assume the Public Company Accounting Oversight Board (PCAOB)identifies a Violation