Due to various fraudulent business practices and accounting coverups in the early 2000's, Congress enacted the Sarbanes-Oxley Act of 2002. The Act was responsible for establishing a new oversight board for public accountants called the
A) Generally Accepted Accounting Practices for Public Accountants Board
B) Public Company Accounting Oversight Board
C) Congressional Accounting Oversight Board
D) none of these

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board (PCAOB) to oversee and regulate public accounting firms that audit public companies. option A and C are incorrect because there is no such board with those names, while option D is too general and does not provide a specific answer.

Due to Various Fraudulent Business Practices and Accounting Coverups in the Early