Which Legislation Led to the Establishment of the Public Company

question 21

Multiple Choice

Which legislation led to the establishment of the Public Company Accounting Oversight Board?

• A) Private Securities Litigation Reform Act
• B) Sarbanes-Oxley Act
• C) Gramm-Leach-Bliley Act
• D) Glass-Steagall Act

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Definitions:

Death Benefit

The sum paid to a beneficiary upon the insured’s death, provided through a life insurance policy.

Savings Plan

A program that encourages regular saving by setting aside a certain amount of income for future use, often with tax advantages or interest accrual.

Actuarially Determined

Calculated based on actuarial methods and assumptions, often referring to pension plan contributions or insurance risk assessments.

Pension Funds

Investment pools that collect and invest contributions from workers and employers to provide retirement benefits to the workers.