Which One of the Following Is Not a Characteristic of the Public

Multiple Choice

Which one of the following is not a characteristic of the Public Company Accounting Oversight Board?

A) Minimizes self-regulation in the accounting profession.
B) Has the authority to amend, modify, repeal, or reject any audit standard of the ASB.
C) Only one member can be an accountant, past or present.
D) SEC has oversight and enforcement authority over the Board.
E) Enforces auditing, quality control, and independence standards and rules.