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:

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated.

BMIs

Body Mass Index, a measure of body fat based on height and weight that applies to adult men and women.

Concrete Operational Stage

A stage in Piaget's theory of cognitive development, occurring roughly between the ages of 7 and 12, where children gain a better understanding of logical operations and are no longer fooled by appearances.

Hypothetical Thinking

The capacity to consider possibilities, scenarios, or outcomes that are not based upon actual events or experiences.