Established by the Sarbanes-Oxley Act of 2002, it is the responsibility of the _____ to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports.
A)Private Company Accounting Oversight Board
B)Public Company Accounting Oversight Board
C)Public Enterprise Accounting Regulation Agency
D)Private Enterprise Accounting Regulation Agency

Question

Established by the Sarbanes-Oxley Act of 2002, it is the responsibility of the _____ to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports.
A)Private Company Accounting Oversight Board
B)Public Company Accounting Oversight Board
C)Public Enterprise Accounting Regulation Agency​
D)Private Enterprise Accounting Regulation Agency

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) was established by the Sarbanes-Oxley Act of 2002 to oversee the audits of public companies in order to protect the interests of investors and further the public interest in fair and independent audit reports. The other options, Private Company Accounting Oversight Board and Private/Public Enterprise Accounting Regulation Agencies do not exist as official regulatory bodies.

Established by the Sarbanes-Oxley Act of 2002, It Is the Responsibility