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Each of the following statements regarding the Public Company Accounting Oversight Board (PCAOB) is true except: A. Public accounting firms must register with the PCAOB

Each of the following statements regarding the Public Company Accounting Oversight Board (PCAOB) is true except: A. Public accounting firms must register with the PCAOB to perform audits of public companies. B. The PCAOB is a private, nonprofit organization established in 1933. C. Two of the five PCAOB board members must be CPAs.

D. The PCAOB is responsible for enforcing the Sarbanes-Oxley Act.

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