Introduction.
The Public Company Accounting Oversight Board (PCAOB) is a governmental nonprofit making corporation which was established by the Congress, in the Sarbanes- Oxley Act of 2002, to steer and oversee the public companies’ audits with the sole aim of protecting the interests of investors and the general public by ensuring that the preparation of accurate, informative and independent audit reports. PCAOB is further mandated to look into the audit of broker dealers and put checks on their activities so as to protect the investors against any kind of potential exploitation.
Being a national corporation, the PCAOB operates in the best interest ...