Multiple Choice
Which of the following is true of the Public Company Accounting Oversight Board?
A) All members of the Public Company Accounting Oversight Board have to be certified public accountants (CPAs) .
B) The Public Company Accounting Oversight Board was created by the Tax Reform Act of 1976.
C) The Securities and Exchange Commission (SEC) has oversight and enforcement authority over the board and its functioning.
D) The Public Company Accounting Oversight Board lacks the power to initiate any disciplinary actions against defaulting accountants.
Correct Answer:
Verified
Correct Answer:
Verified
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