The Public Company Accounting Oversight Board (PCAOB)has the authority to establish standards dealing with auditing,quality control,ethics,independence,and other activities relating to the preparation of audited financial reports.

Question

Quizplus · Accepted Answer

This statement is true. The PCAOB was established under the Sarbanes-Oxley Act of 2002 and has the authority to establish and enforce auditing, quality control, ethics, independence, and other standards for public company audits.

The Public Company Accounting Oversight Board (PCAOB)has the Authority to Establish