The PCAOB created by the Sarbanes-Oxley act of 2002
A) Defines the format of annual financial reports
B) Oversees auditors and defines auditing standards
C) Performs independent audits of suspect firms
D) Regulates the stock market

Question

Quizplus · Accepted Answer

The PCAOB (Public Company Accounting Oversight Board) was created by the Sarbanes-Oxley Act of 2002 to oversee auditors and define auditing standards for public companies. It is an independent regulatory body that is responsible for ensuring that auditors of public companies operate with independence, objectivity, and accountability. Choices A, C, and D are not the primary functions of the PCAOB.

The PCAOB Created by the Sarbanes-Oxley Act of 2002