Subsequent to the passage of the Sarbanes-Oxley Act of 2002, the auditing of public companies became the responsibility of the newly created American Institute of CPAs AICPA.

Question

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The auditing of public companies became the responsibility of the Public Company Accounting Oversight Board (PCAOB) created by the Sarbanes-Oxley Act of 2002, not the AICPA.

Subsequent to the Passage of the Sarbanes-Oxley Act of 2002