Explain how PCAOB and SEC have benefited the investor.

Business & Finance homework help| Business & Finance homework help

SEC and PCAOB have provided oversight to public accounting firms, and maintained compliance with auditing regulations. This has been beneficial for investors. External audits must be performed according to specific guidelines. This helps to protect investors against potential fraud and misstatements of financial statements. Any accounting company that does not comply with the regulations of the PCAOB can be fined or censured by it. The SEC also provides protection, requiring that companies provide financial disclosures to investors so they can make educated investment decisions.

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