0
The PCAOB is a corporation that was established by Congress in order to audit various public companies. This protects the consumers of these companies.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What are the properties of life and their purpose?
i am the purpose
What is the purpose of peticides?
The purpose of pesticides is to kill pests.
What is the purpose of the haber process?
purpose of the haber process
How do you write a purpose?
How to write a Purpose is like this. TO DETERMINE IF
What is the purpose of fibrocartilage in synovial joints?
The purpose is to eat chicken
The PCAOB is made up of how many members?
The PCAOB is a five-member board of financially literate members.
Are CPAs who do not audit public companies under the jurisdiction of the SEC and the PCAOB?
CPAs who do not audit the financial statements of publicly listed companies do not fall under the jurisdiction of the SEC and the PCAOB.
How did the PCAOB effect the accounting industry?
The most dramatic shift is that professional involvement of practitioners in rule making and monitoring is no longer provided. Earlier auditing standards that were issued by the AICPA's Auditing Standards Board, are now the responsibility of the PCAOB.
Who established the Public Company Accounting Oversight Board?
The PCAOB's headquarters are in Washington, D.C. Regional offices in 2005 were in eight locations: Atlanta, Chicago, Dallas, Denver, New York, Northern Virginia, Orange County (California), and San Francisco.
The primary governing board that performs quality reviews on registered CPA firms that audit public companies is the?
PCAOB
What authority does the PCAOB have?
The board has the authority to establish auditing standards, quality control standards, and independence standards for audits of public companies.
To whom did the SEC delegate the oversight of external auditors?
The SEC has delegated the oversight of external auditors to the newly created Public Company Accounting Oversight Board (PCAOB).
What are the two primary organizations in the US that are responsible for setting standards related to the preparation of accounting information?
Financial Accounting Standards Board (FASB) and Public Company Accounting Oversight Board (PCAOB)
Whom did Sarbanes-Oxley make responsible for the enforcement of professional standards in accounting?
Section 105 of SOX makes the PCAOB responsible for the enforcement of the professional standards for accountants auditing the financial statements of corporations issuing securities in public markets.
What effect did Sarbanes-Oxley have on businesses?
Sarbanes-Oxley Act (SOX) of 2002. SOX transferred the regulation of accountants auditing the financial statements of public corporations from the AICPA to the Public Companies Accounting Oversight Board (PCAOB), a new private sector, not-for-profit body.
What are some of the oversight responsibilities that PCAOB has over external auditors?
(1) register public accounting firms; (2) establish, or adopt, by rule, "auditing, quality control, ethics, independence, and other standards relating to the preparation of audit reports for issuers;" (3) conduct inspections of accounting firms
What has the author Michael Ramos written?
Michael Ramos has written: 'The auditor's guide to understanding PCAOB auditing standard no. 2' -- subject(s): Accounting, Auditing, Corporate governance, Corporations, Public Company Accounting Oversight Board, Rules and practice, Standards 'Polvoron' -- subject(s): Fiction, Social life and customs, Tales
