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• The public company accounting oversight board update#

PCAOB sees to it that auditors adhere to a set of guidelines vital for the task. The Public Company Accounting Oversight Board was created by the Sarbanes-Oxley Act of 2002 with the aim of protecting investors and regulating auditors of publicly traded companies. In the 1990s, many auditing and accounting scandals were recorded and this brought about the passage of PCAOB as an approach to minimize the risks attributed to auditing. This board controls and monitors auditors of publicly traded companies with the aim of reducing audit risk which will in turn offer investment security to the investors. PCAOB is an independent organization which is not regulated by the government. PCAOB protects the rights of investors by minimizing audit risks during auditing of companies and other corporate entities.īack to: Accounting & Taxation What Does the Public Company Accounting Oversight Board Do? This is a private but non-profit establishment that periodically regulates audit experts of public traded companies. The Public Company Accounting Oversight Board (PCAOB), is an auditing board that oversees the audits of public companies, broker-dealers and other companies.

The public company accounting oversight board update#

Update Table of Contents What is the Public Company Accounting Oversight Board? What Does the Public Company Accounting Oversight Board Do? Academic Research on the Public Company Accounting Oversight Board (PCAOB) What is the Public Company Accounting Oversight Board?