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Public oversight board

This topic has 3 replies, 2 voices, and was last updated 1 week ago by Ken Garrett.

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October 8, 2021 at 2:57 pm #637261
maximus07
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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?
October 8, 2021 at 9:30 pm #637272
Ken Garrett
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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.
October 9, 2021 at 6:08 am #637278
maximus07
- Topics: 246
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Can you please tell what is function of Public Oversight board?
October 9, 2021 at 5:17 pm #637354
Ken Garrett
Keymaster
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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.
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