The Sarbanes-Oxley Act of 2002 Established the Public Company Accounting

question 194

True/False

The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board (PCAOB) which is a not-for-profit corporation that oversees auditors of public corporations.

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Definitions:

Proportionate

Characterized by a correspondence or balance between parts or elements, in terms of size, quantity, or importance.

Context

The set of circumstances or background information that surrounds a particular event, situation, or issue, influencing its understanding and interpretation.

Normal Anxiety

A natural, often temporary, reaction to stress or uncertainty, which can be a motivating force or, when in moderate levels, not indicative of a mental health disorder.

Meaning

A concept that refers to the significance or interpretation of something, such as a word, action, event, or symbol.