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7 May, 14:07

As an oversight board, the Public Company Accounting Oversight Board (PCAOB) was charged with maintaining compliance with established standards and enforcing rules and disciplinary procedures for those organizations that found themselves out of compliance.

A. True

B. False

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Answers (1)
  1. 7 May, 16:41
    0
    The correct answer is A. True.

    Explanation:

    The main function of the Public Company Accounting Supervision Board (PCAOB) is to supervise the activity of public entities in order to guarantee and protect the interests of the people involved in these organizations. Taking this into account, any activity that ensures proper management and reporting of financial activity, will be in accordance with its powers established in the Sarbanes Oxley Act.
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