The Sarbanes-Oxley (SOX) Act of 2002 Created the PCAOB

question 54

Multiple Choice

The Sarbanes-Oxley (SOX) Act of 2002 created the PCAOB. The PCAOB

• A) Is primarily responsible for establishing generally accepted accounting principles.
• B) Provides legal and expert services to CPA firms when they are involved in class-action law suits.
• C) Oversees the conduct of acts that are intended to influence, coerce, manipulate, or mislead a CPA when he/she is preparing a company's financial statements.
• D) Oversees audits of companies whose securities are public traded.

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Definitions:

Facial Expressions

The use of the muscles of the face to convey emotions, thoughts, or attitudes.

Self-awareness

The conscious knowledge of one’s own character, feelings, motives, and desires.

First-person Pronouns

Pronouns used to refer to oneself, including "I," "me," "my," and "mine," often indicating a speaker's personal perspective.

Emotional Development

The process by which individuals learn to experience, express, and manage emotions throughout their lifespan.