Accounting and auditing standards for public companies


Response to the following questions:

1. What kind of organization is the PCAOB, why was it formed, and what does it do?

2. What role does the SEC play in the establishment of accounting and auditing standards for public companies?

3. Identify three of the documents required by the Securities Exchange Act of 1934 that are commonly encountered by auditors. Briefly describe the purpose of each of these documents.

If possible, please give examples to better understand your answers.

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Auditing: Accounting and auditing standards for public companies
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