What is the mission on the PCAOB?

Short answer:

The Public Accounting Oversight Board (PCAOB) was created as a result of the Sarbanes-Oxley Act.  It has oversight and enforcement responsibilities over accounting firms in the United States.http://www.pcaob.org/  Answer the following questions:

1.      What is the mission on the PCAOB?

2.      Briefly summarize its responsibilities related to inspections.

3.      Briefly summarize it responsibilities related to enforcement.

4.      Describe the reasons why you think the PCAOB is needed/not needed.

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