Final answer:
A CPA firm has 30 days to respond to accusations in a PCAOB draft report. This period allows the firm to provide clarification, evidence, or a rebuttal to the PCAOB's findings.
Step-by-step explanation:
Following the issuance of a PCAOB (Public Company Accounting Oversight Board) draft report, a CPA (Certified Public Accountant) firm is given 30 days to respond to any accusations or findings. During this period, the firm can provide additional documentation, explanations, or rebuttals to address issues raised in the draft report. After the response period, the PCAOB considers the firm's feedback and may issue a final report which could include enforcement actions or suggestions for improvement.
Following the issuance of a PCAOB draft report, the CPA firm has 30 days to respond to accusations. This timeframe is set by the Public Company Accounting Oversight Board (PCAOB), which is responsible for overseeing the audits of public companies in the United States.