The Sarbanes-Oxley Act requires that the PCAOB perform audits on all publicly traded companies.

Name: The Sarbanes-Oxley Act requires that the PCAOB perform audits on all publicly traded companies.
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The Sarbanes-Oxley Act established the Public Company Accounting Oversight Board (PCAOB) to oversee the audits of public companies, not to perform the audits themselves. The audits are conducted by independent external auditing firms.

The Sarbanes-Oxley Act Requires That the PCAOB Perform Audits on All