If auditing of financial statements is required for the protection of public investors, should all Public Company Accounting Oversight Board (PCAOB) members be taken from the investment community that uses audited financial statements? Why or why not?

Complete the worksheet using no more than 350 words for each response.

 

Question One:

If auditing of financial statements is required for the protection of public investors, should all Public Company Accounting Oversight Board (PCAOB) members be taken from the investment community that uses audited financial statements? Why or why not? Cite to your references used using APA guidelines.

 

Question Two:

How does the decision in Free Enterprise Fund v. Public Company Accounting Oversight Board (PCAOB) (2010), affect the validity of the PCAOB and other provisions of the Sarbanes-Oxley Act of 2002? Cite to your references used using APA guidelines

 

Cite to at least three (3) peer-reviewed sources that may include your text.

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