The Public Company Accounting Oversight Board was created by the ________?
A) Sarbanes-Oxley Act of 2002.
B) Securities and Exchange Commission.
C) Financial Accounting Standards Board.
D) United States Congress.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) was created by the Sarbanes-Oxley Act of 2002, which was passed by the United States Congress in response to the accounting scandals of the early 2000s, such as Enron and WorldCom. The PCAOB is responsible for overseeing audits of public companies and protecting the interests of investors by ensuring that auditors meet high professional standards.

The Public Company Accounting Oversight Board Was Created by the ________