Answer to Question #73961 in Accounting for Brodie

Question

FNSACC503
Who is legally responsible for oversight of the budget in a business/ company?

Answer 1

There is established the Public Company Accounting Oversight Board (PCAOB), to oversee the audit of public companies that are subject to the securities laws, and related matters, in order to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports for companies the securities of which are sold to, and held by and for, public investors.