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The Sarbanes-Oxley Act of 2002 Grants the PCAOB the Ability

question 6

Essay

The Sarbanes-Oxley Act of 2002 grants the PCAOB the ability to undertake two functions over registered public accounting firms and persons associated with such firms. Briefly explain the purpose of the PCAOB, making sure to reference their two major functions.


Definitions:

Cenozoic Era

The current geological era, beginning 66 million years ago, following the mass extinction of the dinosaurs and characterized by the rise of mammals.

Comparative Morphology

Scientific study of similarities and differences in body plans.

Morphological Convergence

Evolutionary pattern in which similar body parts (analogous structures) evolve separately in different lineages.

Theory of Uniformity

A principle stating that the same natural laws and processes that operate in the universe now, have always operated in the universe in the past and apply everywhere.

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