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Rocky point brewery (rpb) filed an initial public offering in january 20x3. Rpb engaged olsen & alain, cpas (o&a) in 20x0 to keep the books and prepare monthly and annual financial statements (while the company was privately held), and terminated those services in december 20x2. Under sec and pcaob rules, could rpb engage o&a to be its auditors now that it is a public company?.

Respuesta :

Based on the information given, the correct option is D. No, because the prohibited non-audit services were performed during the period covered by the financial statements.

From the complete question, a public company simply means a company where the shareholders have a claim to the assets and profits of the company.

It should be noted that under SEC and PCAOB rules, RPB cannot engage O&A to be its auditors now that it is a public company. This is because the prohibited non-audit services were performed during the period covered by the financial statements.

Learn more about a public company on:

https://brainly.com/question/25818989

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