Which of the following bodies oversees audits and auditors, and sanctions firms and individuals for violations of laws and regulations?
A. American Accounting Association (AAA).
B. Financial Accounting Standards Board (FASB).
C. Accounting Principles Board (APB).
D. American Institute of Certified Public Accountants (AICPA).
E. Public Company Accounting Oversight Board (PCAOB).
Answer: E
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