The AICPA is voluntary national organization of more than 300,000 CPAs. The AICPA are involved in 4 major areas: standards and rules for conducting professional services, research and publication, continuing professional education, and self-regulation of the profession.
The PCAOB consisted of a five-member board oversighted by the SEC with the role of overseeing and discipline CPAs and CPA firms that audit public companies. The PCAOB role is to “adopt auditing, attestation, quality control, ethics and independence standards relating to the preparation of audit reports for SEC registrants”. The PCAOB responsibilities include: registering firms, performing inspection of firms, conducting investigations and disciplinary proceedings of firms,
The PCAOB consisted of a five-member board oversighted by the SEC with the role of overseeing and discipline CPAs and CPA firms that audit public companies. The PCAOB role is to “adopt auditing, attestation, quality control, ethics and independence standards relating to the preparation of audit reports for SEC registrants”. The PCAOB responsibilities include: registering firms, performing inspection of firms, conducting investigations and disciplinary proceedings of firms,