Which Statement Is False Regarding the Registration of Public Accounting

question 22

Multiple Choice

Which statement is false regarding the registration of public accounting firms with the PCAOB?

• A) Registration is required of all U.S. firms that prepare, issue, or participate in the preparation of an audit report for an entity that issues securities.
• B) Foreign accounting firms are exempt from registration.
• C) Disclosure requirements include annual fees received from each issuer for the firm's audit and non-audit services.
• D) The Public Company Accounting Oversight Board subjects registered firms to periodic inspections.
• E) Information regarding disagreements between the issuer and the audit firm during the previous year must be disclosed.

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