Which of the following is true of the Sarbanes-Oxley Act of 2002?
A) It follows the traditional approach to corporate governance.
B) It established the Public Company Accounting Oversight Board.
C) It requires external auditors to certify financial reports.
D) It requires a separate team to be formed to certify financial reports.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board (PCAOB) to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports.

Which of the Following Is True of the Sarbanes-Oxley Act