SOX created a new body to oversee the audits of public companies called the:
A)Securities and Exchange Commission.
B)Association of Certified Public Accountants.
C)Public Company Accounting Oversight Board.
D)Association of Certified Fraud Examiners.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) was created by SOX to oversee and regulate the audits of public companies. Its primary responsibility is to protect investors and ensure the accuracy of financial statements issued by public companies. The other options, such as the Securities and Exchange Commission and Association of Certified Public Accountants, existed prior to the passage of SOX and were not specifically created for this purpose. The Association of Certified Fraud Examiners focuses on preventing and detecting fraud, which is related but not the same as the PCAOB's role in auditing oversight.

SOX Created a New Body to Oversee the Audits of Public