The has oversight and enforcement authority and establishes auditing, quality control, and independence standards and rules. fasb (financial accounting standards board). pcaob (public company accounting oversight board). sec (securities and exchange commission). irs (internal revenue service).

PCAOB (Public Company Accounting Oversight Board).

Explanation:

Public Company Accounting Oversight Board, abbreviated as PCAOB is nonprofit, private-sector corporation which is created by Sarbanes–Oxley Act of 2002 in order to oversee audits of the public companies and also other issuers so to protect interests of the investors and further public interest in preparation of the accurate, independent and informative audit reports.

The responsibilities of PCAOB include :

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