Which one of the following is not a characteristic of the Public Company Accounting Oversight Board?

--Minimizes self-regulation in the accounting profession.

----Has the authority to amend, modify, repeal, or reject any audit standard of the ASB.

----Only one member can be an accountant, past or present.

---SEC has oversight and enforcement authority over the Board.

----Enforces auditing, quality control, and independence standards and rules.