According to the Sarbanes-Oxley Act, the FTC is required to establish a full- time, five-member federal oversight board that will police the accounting industry.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act requires the establishment of a public company accounting oversight board (PCAOB), not a federal oversight board established by the FTC. The PCAOB is an independent, non-profit corporation overseen by the SEC.

According to the Sarbanes-Oxley Act, the FTC Is Required to Establish