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The PCAOB

Question 8

Multiple Choice

The PCAOB:


A) Is entirely independent of the AICPA
B) Appoints the members of the AICPA's governing board, but otherwise is independent of the AICPA
C) Frequently is criticized for developing financial accounting standards that are more complex than those established by the FASB
D) Legally has the power to override the AICPA when their areas of jurisdiction conflict or overlap

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