The creation of the ______ as independent oversight body attempted to re-establish the perceived independence of auditing companies.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) was created as an independent oversight body in response to financial scandals in the early 2000s, such as Enron and WorldCom. Its purpose is to regulate and oversee audit companies that audit public companies in order to ensure the integrity and accuracy of financial reporting. The creation of the PCAOB attempted to re-establish the perceived independence of auditing companies.

The Creation of the ______ as Independent Oversight Body Attempted