What must audit firms do to perform financial statement audits for public companies? a. Register with the Public Company Accounting Oversight Board. b. Register with the Institute of Internal Auditors c. Register with the American Institute of Certified Public Accountants d. Register with the U. S. General Accounting Office

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Business

Xena

19 July, 18:57

What must audit firms do to perform financial statement audits for public companies? a. Register with the Public Company Accounting Oversight Board. b. Register with the Institute of Internal Auditors c. Register with the American Institute of Certified Public Accountants d. Register with the U. S. General Accounting Office

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Darwin Zuniga · Answer 1

a. Register with the Public Company Accounting Oversight Board.

Explanation:

As per the standards of Auditing an auditor has to be registered as an public accounting firm, and then only it can perform audit for public companies.

For this, it has to be registered with PCAOB United States.

where, PCAOB stands for Public Company Accounting Oversight Board.

Therefore, correct option is a.