The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board (PCAOB) .The PCAOB was established to

A) bring to justice public companies such as Enron and WorldCom for committing fraud
B) oversee the standards promulgated by the SEC related to public companies
C) protect the interests of investors by overseeing auditors of public companies
D) establish GAAP for use by public companies

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Public Company Accounting Oversight Board

A nonprofit corporation established by Congress to oversee the audits of public companies in order to protect the interests of investors.

Enron

A former American energy company that went bankrupt in 2001 due to one of the largest accounting frauds in history.