Participants also believed that a challenge facing the new PCAOB will be dealing with the complex relationship between federal and state governments involved in regulating the accounting profession.
There is a complex relationship between federal and state governments pertaining to regulating the accounting profession, and participants believed that this is a challenge presented to the new PCAOB.
Participants did not believe that the relationship between federal and state governments involved in regulating the accounting profession was a challenge for the new PCAOB.