Question: Which correctly describes the relationship between the PCAOB and the SEC? A . The PCAOB is a subsidiary of the SEC, tasked with registering public

Which correctly describes the relationship between the PCAOB and the SEC?

.

The PCAOB is a subsidiary of the SEC, tasked with registering public accounting firms, establishing rules relating to the preparation of audit reports, and conducting inspections, investigations, and disciplinary proceedings.

.

The SEC is subject to the oversight of the PCAOB with respect to conducting inspections, investigations, and

disciplinary proceedings.

.

The SEC is subject to the oversight of the PCAOB with respect to the registration of public accounting firms that prepare

audit reports for issuers.

.

The PCAOB is subject to oversight by the SEC, and only accounting firms registered with the PCAOB may prepare

audit reports for SEC issuers.

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