Words similar to pcaob
Example sentences for: pcaob
How can you use “pcaob” in a sentence? Here are some example sentences to help you improve your vocabulary:
Suggested priorities for the PCAOB included establishing policies and procedures for disciplinary actions and conducting inspections of registered public accounting firms.
Many participants believed that the PCAOB's most immediate priority should be implementing a disciplinary process to let the public know that failed auditing will be dealt with and trust can be restored.
It was also suggested that the PCAOB should evaluate the recent events that have affected the public's confidence in auditors to consider what further actions may be needed beyond those mandated by the Sarbanes-Oxley Act of 2002 and recent regulatory changes and proposals.
Congress has passed the Sarbanes-Oxley legislation which included establishment of the Public Company Accounting Oversight Board (PCAOB), tougher independence standards for auditors of public companies, and independent funding sources for the PCAOB and the FASB; the SEC has taken a number of regulatory and enforcement actions and made initial appointments to the PCAOB; various U.S.
Participants also believed that a challenge facing the new PCAOB will be dealing with the complex relationship between federal and state governments involved in regulating the accounting profession.