Which of the following is not correct with regard to the Public Company Accounting Oversight Board?a. The board can expel a registered auditing firm without SEC approval.b. All registered auditing firms must be inspected at least every three years.c. The board members must be appointed by Congress.d. The board has the authority to set auditing standards rather than utilize the work of the Auditing Standards Board.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
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Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
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Which of the following is not correct with regard to the Public Company Accounting Oversight Board?
a. The board can expel a registered auditing firm without SEC approval.
b. All registered auditing firms must be inspected at least every three years.
c. The board members must be appointed by Congress.
d. The board has the authority to set auditing standards rather than utilize the work of the Auditing Standards Board.

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