The SEC approves rules the Public Company Accounting Oversight Board (PCAOB) proposed under the Sarbanes-Oxley Act of 2002 (www.sec.gov/rules/pcaob/34-48180.htm).
The SEC approves rules the Public Company Accounting Oversight Board The Public Company Accounting Oversight Board (or PCAOB) (sometimes called "Peekaboo") is a private-sector, non-profit corporation created by the Sarbanes-Oxley Act, a 2002 United States federal law, to oversee the auditors of public companies. (PCAOB PCAOB Public Company Accounting Oversight Board ) proposed under the Sarbanes-Oxley Act See SOX. of 2002 (www.sec. gov/rules/pcaob/34-48180.htm). They establish a registration system for public accounting firms seeking PCAOB permission to prepare or issue audit reports for publicly traded companies publicly traded company
A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . Under the act, firms that do not register with the board by October 22 will not be permitted to render such audit services. (To meet the October deadline, firms had to have submitted their applications no later than the first week of September.)
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