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:

Mikhail Gorbachev

The last leader of the Soviet Union, known for his policies of glasnost (openness) and perestroika (restructuring), leading to the end of the Cold War.

Pro-Democracy Movements

Collective actions or initiatives aimed at advocating for democratic governance and the expansion of democratic rights and institutions.

Soviet Union

A federal socialist state in Northern Eurasia that existed from 1922 to 1991, formally known as the Union of Soviet Socialist Republics (USSR), characterized by its single-party rule by the Communist Party.