What does PCAOB stand for?   Who oversees the PCAOB? 3. What audit firms must register with the PACOB? 4. The PCAOB has the authority to set general standards governing what 3 things? 5. If your CPA firm conducts audits of the public companies, the PCAOB audits your firm how frequently to ensure quality control? (More than 100 audits a year vs less than 100 audits) 6. The PACOB audits are inspections of what 2 things of a CPA firm? 7. What are the PCAOB's disciplinary powers of auditors or audit firms? 8. The audit committee now must be "independent". What does that mean? 9. One of the audit committee members must be an expert in what? 10. What are 3 things the audit committee oversees or responsible for? 11. SOX Act place responsibility for the financial statement ultimately on whom? 12. What are the 5 items mandated by SOX Act that management must "certify" on their quarterly and annual reporting? 13. What is the section of the SOX Act that focuses on ICFR? 14. Sox prohibits audit firms from certain services if they perform the financial audits of the public company. What are they? 15. The engagement partner

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Here are the answers to your questions about the PCAOB and the SarbanesOxley Act SOX 1 PCAOB stands for Public Company Accounting Oversight Board 2 The PCAOB is overseen by the Securities and Exchange ... View the full answer