answersLogoWhite

0

The board has the authority to establish auditing standards, quality control standards, and independence standards for audits of public companies.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

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.


The primary governing board that performs quality reviews on registered CPA firms that audit public companies is 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.


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)


What is the possessive form of the word Authority?

The possessive form of "authority" is "authority's."


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 are the four types of political authority?

Traditional authority,legal authority,and autocratic authority.


What authority did a Roman soldier have?

None. He had no authority - he was under the authority of his commanders.