Free Enterprise Fund v. Public Company Accounting Oversight Board
Read “Case 15.3 Free Enterprise Fund v. Public Company Accounting Oversight Board” in Ch. 15 of the text.
Write a paper of 700- to 1,050-words in which you answer the following:
- If auditing of financial statements is required for the protection of public investors, should not all PCAOB members be taken from the investment community that uses audited financial statements? Why or why not?
- How does the decision in this case impact the validity of the Board and other provisions of the Sarbanes-Oxley Act?
Cite at least 3 peer-reviewed sources.
Format your paper consistent with APA guidelines.
Answer Preview
One of the main reasons that requires different professions is that PCAOB is trying to get trust and regain confidence with the investors. The sense of accountability is created when different professions meet as the Board…
(816 Words)