Asked by
fakendiana lamonier
on Nov 22, 2024
Verified
Does the Sarbanes-Oxley act create a board of oversight; and, if so, what is it called?
A) Chris is correct. No oversight board was created by the act.
B) Yes, a board called the Public Company Accounting Oversight Board was created by the act.
C) Yes, a board called the Public Accountability Commission was created by the act.
D) Yes, a board called the CPA Oversight Commission was created by the act.
E) Yes, a board called the Federal Accountability Commission was created by the act.
Sarbanes-Oxley Act
A U.S. federal law enacted to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to securities laws.
Certified Public Accountant
A professional designation given to accountants who pass a licensing examination and meet other statutory requirements.
Oversight Board
A governing body or committee that provides guidance, regulation, or supervision over a particular area or organization.
- Recognize the implications of the Sarbanes-Oxley Act on business ethics and practices.
- Deliberate on the essential roles that honesty, integrity, and trustworthiness play in professional spheres.
Verified Answer
RT
Learning Objectives
- Recognize the implications of the Sarbanes-Oxley Act on business ethics and practices.
- Deliberate on the essential roles that honesty, integrity, and trustworthiness play in professional spheres.