Which of the Following Is a Responsibility of the PCAOB

question 83

Multiple Choice

Which of the following is a responsibility of the PCAOB?

• A)To set financial reporting standards for public companies.
• B)To set financial reporting standards for private companies.
• C)To set audit standards for public companies.
• D)To set audit standards for private companies.

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Definitions:

Second Industrial Revolution

A period of rapid industrial growth and technological advancement during the late 19th and early 20th centuries, often associated with new innovations in steel production, electricity, and transportation.

Mining

The extraction of valuable minerals or other geological materials from the earth.

Railroad Industries

A sector centered around the development, maintenance, and operation of railways, which played a critical role in economic growth and the expansion of trade and transport in the 19th and early 20th centuries.

American Workforce

The labor pool in the United States, consisting of all individuals actively engaged in employment or seeking employment.