Which of the Following Is True of the PCAOB

question 39

Multiple Choice

Which of the following is true of the PCAOB?

• A)It can impose punishment on accounting firms that do not adhere to standards.
• B)Prior to its creation, the audit profession was highly unregulated.
• C)In 2015, it reorganized its auditing standards using several numbering systems.
• D)When it was created, it rejected nearly all the then standards of the audit profession.

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Definitions:

Social Skills Training

A therapeutic approach designed to improve interpersonal skills through teaching and practice.

Rational Emotive Therapy

A form of cognitive-behavioral therapy that focuses on identifying irrational beliefs, challenging these beliefs, and replacing them with more rational ones to facilitate emotional well-being.

Drug Therapy

A type of treatment involving the prescription and use of medications to treat illness and improve health.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses or anxiety through gradual exposure to the feared object or situation coupled with relaxation or coping techniques.