The Public Company Accounting Oversight Board was created by the
A)Sarbanes-Oxley Act.
B)GASB.
C)IRS.
D)IASB.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) was created by the Sarbanes-Oxley Act of 2002 in response to accounting scandals such as Enron and WorldCom. The PCAOB is responsible for overseeing the audits of public companies and protecting the interests of investors by ensuring that auditors meet high standards of independence, objectivity, and professional competence. The other options listed (GASB, IRS, and IASB) do not have jurisdiction over the PCAOB's responsibilities.

The Public Company Accounting Oversight Board Was Created by the