The body created by the Sarbanes Oxley Act and charged with oversight of the accounting profession is the:
A) Public Company Accounting Oversight Board.
B) Auditing Standards Board.
C) International Accounting Standards Board.
D) Security and Exchange Commission.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) is the body created by the Sarbanes-Oxley Act to oversee the accounting profession. The PCAOB is responsible for setting auditing standards for public companies, conducting inspections of accounting firms, and enforcing disciplinary actions when necessary. The other options are involved in accounting standard-setting or regulatory oversight but are not specifically charged with oversight of the accounting profession.

The Body Created by the Sarbanes Oxley Act and Charged