The Securities Exchange Commission (SEC) has oversight and enforcement authority over the Public Company Accounting Oversight Board (PCAOB).

Question

Quizplus · Accepted Answer

The SEC has the authority to oversee and enforce the PCAOB's rules and regulations. The PCAOB was created by the Sarbanes-Oxley Act of 2002 to oversee and regulate the auditing profession. However, the SEC has ultimate regulatory authority over the PCAOB.

The Securities Exchange Commission (SEC) Has Oversight and Enforcement Authority