As a result of the Sarbanes-Oxley Act, the FDIC is responsible for establishing a full-time federal oversight board that will police the accounting industry.

Name: As a result of the Sarbanes-Oxley Act, the FDIC is responsible for establishing a full-time federal oversight board that will police the accounting industry.
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The Sarbanes-Oxley Act led to the creation of the Public Company Accounting Oversight Board (PCAOB), not the FDIC, to oversee the accounting industry.

As a Result of the Sarbanes-Oxley Act, the FDIC Is