The PCAOB Is Required to

question 68

Multiple Choice

The PCAOB is required to

• A)conduct continuing inspections of public accounting firms registered with the SEC
• B)inspect firms with more than 100 public clients on a semi-annual basis
• C)inspect firms with fewer than 100 clients at least every three years
• D)post the inspection reports on the SEC website and are available to the public

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Definitions:

Thionyl Chloride

A reagent used in organic synthesis for transforming carboxylic acids into acyl chlorides or converting alcohols into alkyl chlorides.

2-Phenylethanol

An organic compound with a floral scent, commonly used in perfumery and flavoring, representing an alcohol with a phenyl group attached to the second carbon.

Toluene

Toluene is a colorless, water-insoluble liquid hydrocarbon of the aromatic series, used in the manufacture of various chemicals.

Carboxylic Acid

Organic compounds characterized by a carboxyl group (-COOH), known for their acidic properties and widespread occurrence in biochemistry and industrial chemistry.