Which Statement Is False Regarding the Public Company Accounting Oversight

question 38

Multiple Choice

Which statement is false regarding the Public Company Accounting Oversight Board (PCAOB) ?

• A) Regulates audit standards and independent audit firms.
• B) Has five members appointed by the SEC.
• C) Allows all members to be accountants, past or present.
• D) is under the oversight and enforcement of the SEC.
• E) is funded by fees levied on all publicly traded companies.

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Definitions:

Scale Construction

The process of developing a measurement tool that quantitatively assesses a particular variable or set of variables.

Linear

A relationship or progression that is straight or sequential, often referring to models where the effect of one variable on another is constant.

Cultural Contexts

Pertains to the environmental and social factors that influence the values, behaviors, and perceptions of individuals or groups.

Factor Structure

The pattern and relationship of underlying factors identified through factor analysis that explains the variability among observed variables.