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When was Public Company Accounting Oversight Board created?
Public Company Accounting Oversight Board was created in 2002.
Who audits an audit firm?
In Canada, the Canadian Public Accountability Board. In the USA, the Public Company Accounting Oversight Board.
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)
What is the purpose of public sector accounting?
The purpose of a public sector is to give service to the customers
What is the purpose of the Financial Accounting Standards Board?
The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.
When was Public Company Accounting Oversight Board created?
Public Company Accounting Oversight Board was created in 2002.
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).
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.
Who audits an audit firm?
In Canada, the Canadian Public Accountability Board. In the USA, the Public Company Accounting Oversight Board.
How many employees does the Public Company Accounting Oversight Board have?
The total number of staff at the end of 2004 was 260.
Who is responsible for setting auditing standards for audits of publicly-traded companies?
PCOAB Public Company Accounting Oversight Board
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)
What is the purpose of public sector accounting?
The purpose of a public sector is to give service to the customers
What is meant by public accounting?
Public Accounting: Best known for providing audits, CPAs who work in public accounting review company financial records for accuracy and accountability.
What is the purpose of the Financial Accounting Standards Board?
The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.
What is the purpose of a financial accounting standards board?
The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.
What is a difference between public and private accounting?
Public accounting includes any accounting work that a company performs for another company. Examples would be audits, tax compliance, consulting, etc. The "Big 4" (KPMG, Deloitte & Touche, PriceWaterhouseCoopers, and Ernst & Young) are the dominant firms that provide public accounting services. Private accounting is accounting work that is done for your own company. Every company has some form of an internal accounting department and those employees would be considered private accountants.
