The Sarbanes-Oxley Act created the Public Company Accounting Oversight Board (PCAOB). Which of the following is not one of the responsibilities of that board?
(1) Establish independence standards for auditors of public companies.
(2) Review financial reports filed with the SEC.
(3) Establish auditing standards for audits of public companies.
(4) Sanction registered audit firms.

Answer rating: 100% (QA)

The correct answer is 2 Review financial reports filed with the SEC The Sar... View the full answer