Public Company Accounting Oversight Board; Will it Protect Investors?

Essay specific features

 

Issue:

Business

 

Written by:

John L

 

Date added:

June 9, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1122

 

Was viewed:

8153 times

 

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Essay content:

This "Act" established by Congress is to create an oversight board, so that such scandals will never occur again. Will this oversight board work and will its work restore public confidence and encourage individuals to invest in the stock market again? The PCAOB is not a tax-payer funded agency. It is supported by over 8800 companies and mutual funds that benefit from independent audits (Epstein)...
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It is supported by over 8800 companies and mutual funds that benefit from independent audits (Epstein). The PCAOB principle duties are; 1. Register public accounting firms that prepare audits. 2. Establish and/or adopt standards relating to the preparation of audit reports for issuers. 3. Conduct inspections of registered public accounting firms...
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