Asked by Jamilla Cason on Jun 28, 2024
Verified
A five-member Public Company Accounting Oversight Board oversees the audit of public companies, and the SEC oversees the Board.
Public Company Accounting Oversight Board
A nonprofit corporation established by Congress to oversee the audits of public companies to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports.
SEC
The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the nation's securities industry.
- Identify the role and oversight functions of the Public Company Accounting Oversight Board and the SEC in relation to public company audits.
Verified Answer
Learning Objectives
- Identify the role and oversight functions of the Public Company Accounting Oversight Board and the SEC in relation to public company audits.
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