The Public Company Accounting Oversight Board has the power of performing inspection of public accounting firms to determine their performance and check for improvements if any.

Question

Quizplus · Accepted Answer

This statement is true. The Public Company Accounting Oversight Board (PCAOB) has the authority to inspect public accounting firms to assess their compliance with auditing and quality control standards and identify any necessary improvements.

The Public Company Accounting Oversight Board Has the Power of Performing