Which of the Following Is a True Statement

question 21

Multiple Choice

Which of the following is a true statement?

• A)The SEC approves the rules used by the auditors in determining whether a public company's financial statements are in conformity with GAAP.
• B)The PCAOB and the SEC were both created by the FASB.
• C)The SEC was created by the PCAOB.
• D)The PCAOB approves the rules used by auditors in determining whether a public company's financial statements are in conformity with GAAP.