Which of the Following Is a True Statement Regarding an Action

Multiple Choice

Which of the following is a true statement regarding an action which the PCAOB can take if it finds a public accounting firm or an individual has violated the SEC rules governing the audit of a public company?

A) The PCAOB cannot impose appropriate sanctions-only the respective state Board of Accountancy is allowed impose sanctions.
B) The PCAOB cannot suspend or revoke the firm's registration allowing it to audit public companies.
C) The PCAOB can suspend or impose appropriate sanctions on the firm and on the individual.
D) The PCAOB cannot impose any type of monetary penalties.