The Public Company Accounting Oversight Board
A. performs inspections of the quality controls of firms that audit public companies.
B. establishes auditing standards that must be followed by CPAs on all audits.
C. oversees auditors of private companies.
D. performs all of the above functions.
Answer:A
The Public Company Accounting Oversight Board
A. performs inspections of the quality controls of firms that audit public companies. B. establishes auditing standards that must be followed by CPAs on all audits. C. oversees auditors of private companies. D. performs all of the above functions.