This organization, established by the Sarbanes-Oxley Act, was organized in 2003 for the purpose of establishing auditing standards for public companies.
A)Auditing Standards Board
B)Public Company Accounting Oversight Board
C)International Audit Practices Committee
D)Information Systems Audit and Control Association

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) was established by the Sarbanes-Oxley Act in 2002 to oversee and regulate the auditing of public companies. As part of its responsibilities, the PCAOB establishes auditing and related professional practice standards for registered public accounting firms to follow in the preparation and issuance of audit reports. The Auditing Standards Board, International Audit Practices Committee, and Information Systems Audit and Control Association are all separate organizations with different goals and responsibilities.

This Organization, Established by the Sarbanes-Oxley Act, Was Organized in 2003