Public oversight board

[maximus07]

Public oversight board a committee formed by business itself to check they are regulating information to people or is it government body to check business for same reason?

[Ken Garrett]

It is not a function of the company being audited or preparing financial statements. Nor is it a government function.

It is part of the FRC, an independent body with responsibility for ensuring proper accounting and auditing.

[maximus07]

Can you please tell what is function of Public Oversight board?

[Ken Garrett]

The Public Interest Oversight Board has representatives from a wide range of users of financial statements. It widens the range of opinions taken into account when accounting and auditing standards are being formulated.

[Author]

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