The Public Company Accounting Oversight Board may conduct investigations and disciplinary proceedings of: $\begin{array} { c }
&\text { Registered Public } & \text { Registered Public } \
&\text { Accounting Firms } & \text { Accounting Firm Employees } \
\text { A) } & \text { Yes } & \text { Yes } \ \text { B) } & \text { Yes } & \text { No } \ \text { C) } & \text { No } & \text { Yes } \ \text { D) } & \text { No } & \text { No }
\end{array}$

Question

The Public Company Accounting Oversight Board may conduct investigations and disciplinary proceedings of: $\begin{array} { c } 
&\text { Registered Public } & \text { Registered Public } \
&\text { Accounting Firms } & \text {  Accounting Firm Employees } \
 \text { A) } & \text { Yes } & \text { Yes } \ \text { B) } & \text { Yes } & \text { No } \ \text { C) } & \text { No } & \text { Yes } \ \text { D) } & \text { No } & \text { No } 
\end{array}$

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) is responsible for overseeing the audits of public companies in order to protect investors and the public interest. As part of this responsibility, the PCAOB is authorized to investigate and discipline both registered public accounting firms and their employees. Option A is the correct answer because the PCAOB can conduct investigations and disciplinary proceedings of both registered public accounting firms and their employees.

The Public Company Accounting Oversight Board May Conduct Investigations and Disciplinary