FASB's Conceptual Framework for Accounting

In any #auditing class it’s important to know who they key “players” and regulators are, and that starts with the #PCAOB (Public Company Accounting Oversight Board). The PCAOB is a nonprofit corporation established by the Sarbanes-Oxley Act of 2002, and they register and inspect audit firms, set auditing standards, and enforce those standards by penalizing firms and individual accountants when necessary. #accounting #audit #study #unitok #auditor #accountantsoftiktok