What must audit firms do to perform financial statement audits for public companies?
A)Register with the American Institute of Certified Public Accountants.
B)Register with the Institute of Internal Auditors.
C)Register with the U.S.General Accounting Office.
D)Register with the Public Company Accounting Oversight Board.

Question

Quizplus · Accepted Answer

Audit firms must register with the Public Company Accounting Oversight Board (PCAOB) in order to perform financial statement audits for public companies, as required by the Sarbanes-Oxley Act. The other options listed are not relevant to this requirement.

What Must Audit Firms Do to Perform Financial Statement Audits