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What are the four types of political authority?
Traditional authority,legal authority,and autocratic authority.
What does appointing authority mean?
a person or a group have authority to appoint you..
What are the legal basis of industrial security management?
1. Natural Authority 2. Constitutional Authority 3. Statutory Authority
What does it mean to be under authority?
it means that if you are under authority, someone has more power over you for example a teacher has authority over his/her pupils.
Can FLIPL appointing authority and approval authority be the same person?
yes
The PCAOB is made up of how many members?
The PCAOB is a five-member board of financially literate members.
What is the purpose of the PCAOB?
The PCAOB is a corporation that was established by Congress in order to audit various public companies. This protects the consumers of these companies.
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 is public company accounting oversight board?
The Public Company Accounting Oversight Board (PCAOB) is a nonprofit organization established by the Sarbanes-Oxley Act of 2002 to oversee the audits of public companies in the United States. Its primary mission is to protect investors by ensuring the accuracy and reliability of financial reporting. The PCAOB sets auditing standards, inspects audit firms, and enforces compliance with its rules and regulations. By promoting high-quality auditing practices, the PCAOB aims to enhance public confidence in the financial markets.
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)
Auditing standard no 2 of pcaob?
Auditing Standard No. 2 (AS 2) of the Public Company Accounting Oversight Board (PCAOB) sets forth requirements for auditors regarding the internal control over financial reporting for publicly traded companies. It emphasizes the need for auditors to assess and report on the effectiveness of a company’s internal controls as part of the audit process. The standard aims to enhance the reliability of financial reporting and ensure that any deficiencies in internal controls are identified and communicated. AS 2 has since been superseded by AS 2201, which further refines the approach to auditing internal controls.
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 is the possessive form of the word Authority?
The possessive form of "authority" is "authority's."
