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Regulatory and Compliance Issues Paper
NaJelle Omega
LAW531
July 25, 2016
Judith Gray
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Regulatory and Compliance Issues Paper
In this paper I will be discussing my belief on the creation and work of the Public
Company Accounting Oversight Board (PCAOB) has it resulted in greater independence of
auditors of public companies? Secondly I will also discuss my thoughts on the auditing of
financial statements. If required primarily for the protection of public investors, should not all
PCAOB members be taken from the investment community that uses audited financial
statements? Lastly, I will consider what regulatory compliance requirements apply to various
business situations.
Creation and work of the Public Company Accounting Oversight Board
According to “PCAOB Public Company Accounting Oversight Board” (2003-2016),
