The Sarbanes-Oxley Act established the Public Company Accounting Oversight Board,which is responsible for overseeing financial audits of public companies.

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This statement is true. The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board (PCAOB) to oversee the audits of public companies in order to promote transparency and accuracy in financial reporting.

The Sarbanes-Oxley Act Established the Public Company Accounting Oversight Board,which