Which legislation led to the establishment of the Public Company Accounting Oversight Board?
A) Private Securities Litigation Reform Act
B) Sarbanes-Oxley Act
C) Gramm-Leach-Bliley Act
D) Glass-Steagall Act

Question

Quizplus · Accepted Answer

The establishment of the Public Company Accounting Oversight Board (PCAOB) was led by the Sarbanes-Oxley Act of 2002, which was enacted in response to accounting scandals such as those involving Enron and WorldCom. The PCAOB was created to oversee the auditing of public companies in order to promote transparency and accountability in corporate financial reporting.

Which Legislation Led to the Establishment of the Public Company