The Public Company Accounting Oversight Board Was Created By

question 23

Multiple Choice

The Public Company Accounting Oversight Board was created by:

• A) the Securities Exchange Act of 1933.
• B) the Securities Exchange Act of 1934.
• C) the Private Securities Litigation Reform Act of 1995.
• D) the Tax Reform Act of 1976.
• E) the Sarbanes Oxley Act of 2002.

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Definitions:

Leverage

The strategic use of an organization's resources or position within a market or industry to gain advantage and increase its influence or outcomes.

Activity

Involves actions or tasks performed, typically by individuals or groups, to achieve a specific objective.

Profitability

A measure of the efficiency of a company in generating profit, calculated as net income divided by revenue, indicating financial health and operational effectiveness.

Liquidity

The ease with which an asset, or security, can be converted into ready cash without affecting its market price.