Question: Use examples to explain your response to each question.Also, if relevant, refer to current standards to support your responses: Describe the role of the United

Use examples to explain your response to each question.Also, if relevant, refer to current standards to support your responses:

Describe the role of the United States Securities and Exchange Commission (SEC) in protecting public investors, and discuss its relationship with and influence on the audit profession.

The Public Company Accounting Oversight Board (PCAOB) has recently adopted a new requirement for auditors of publicly traded clients to communicate critical audit matters (CAMs) in the auditor's report that inform investors and other financial statement users about matters in the audit and how they were addressed.Explain in detail this new requirement; provide some reasoning for its usefulness to financial statement users; and justify the criticism for its added value.

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