Chaos in corporate governance and accounting after the Enron scandal spawned Congressional legislation that resulted in the creation of:
A) The American Institute of Certified Public Accountants.
B) The Public Company Accounting Oversight Board
C) The Chartered Institute of Management Accountants.
D) The Financial Accounting Standards Board.
E) The Institute of Management Accountants.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) was established as a direct result of the Sarbanes-Oxley Act of 2002, which was enacted in response to the Enron scandal and other similar accounting frauds. Its purpose is to oversee the audits of public companies to protect investors and the public interest by promoting informative, accurate, and independent audit reports.

Chaos in Corporate Governance and Accounting After the Enron Scandal