Which statement is false regarding the Public Company Accounting Oversight Board (PCAOB)? - regulates audit standards...
Which statement is false regarding the Public Company Accounting Oversight Board (PCAOB)?
- regulates audit standards and independent audit firms.
- is under the oversight and enforcement of the SEC.
- is funded by fees levied on all publicly traded companies.
- has five members appointed by the SEC.
- allows all members to be accountants, past or present.
Homework Answers
Option 5) is incorrect.
As 2 of the members of PCAOB must to CPA.
Since out of 5 member 2 must be CPA,hence it can be said that it is not possible to apppoint or engage the accountants.
Please comment for any further explanation.
Thanks,
Add Answer to:
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