The Public Company Accounting Oversight Board is responsible for creating and promoting International Financial Reporting Standards.

Question

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The Public Company Accounting Oversight Board (PCAOB) is an independent regulatory body established by the Sarbanes-Oxley Act of 2002. Its main responsibility is to oversee and regulate the audits of public companies in order to protect investors and the public interest. The PCAOB does not create or promote International Financial Reporting Standards (IFRS), which are developed by the International Accounting Standards Board (IASB).

The Public Company Accounting Oversight Board Is Responsible for Creating