What is the PCAOB? Silly accountants at it again.

likeuplifting
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At least accountants can actually use google.

likefunny

Uh, how do you have such little business literacy? Have you ever read a 10k/10q?

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Thanks PwC1. Don’t worry little guy. I’m quite familiar with it and saw charges filed against some accountants today.

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Public company accounting oversight board. Makes sure the auditors are doing their jobs properly, basically

"The Public Company Accounting Oversight Board(PCAOB) is a private-sector, nonprofit corporation created by the Sarbanes–Oxley Act of 2002 to oversee the audits of public companies and other issuers in order to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports. Since 2010, the PCAOB also oversees the audits of broker-dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection. All PCAOB rules and standards must be approved by the U.S. Securities and Exchange Commission (SEC)."

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