Public Company Accounting Oversight Board (PCAOB)

Public Company Accounting Oversight Board (PCAOB),

Definition of Public Company Accounting Oversight Board (PCAOB):

  1. The Public Company Accounting Oversight Board (PCAOB) was established with the passage of the Sarbanes-Oxley Act of 2002. The act was passed in response to various accounting scandals of the late 1990s. The board protects investors and other stakeholders of public companies by ensuring that the auditor of a company's financial statements has followed a set of strict guidelines. PCAOB is overseen by the Securities and Exchange Commission and, since 2010, the PCAOB has overseen the audits of SEC-registered brokers and dealers.

  2. A non-profit corporation that oversees the auditors who provide services to publicly-traded companies. The PCAOB was chartered by the Sarbanes-Oxley Act of 2002 in the wake of a series of securities accounting scandals, including Enron and WorldCom.

  3. The Public Company Accounting Oversight Board (PCAOB) is a non-profit organization that regulates auditors of publicly traded companies. The purpose of PCAOB is to minimize audit risk.

How to use Public Company Accounting Oversight Board (PCAOB) in a sentence?

  1. The board protects investors and other stakeholders of public companies by ensuring that auditors follow strict guidelines.
  2. The PCAOB was established at the same time as the Sarbanes-Oxley Act of 2002 to address the accounting scandals of the late 1990s.
  3. The Public Company Accounting Oversight Board (PCAOB) is a non-profit organization that regulates audits of publicly traded companies to minimize audit risk.

Meaning of Public Company Accounting Oversight Board (PCAOB) & Public Company Accounting Oversight Board (PCAOB) Definition