The Public Company Accounting Oversight Board (PCAOB)was Created ________

question 80

Multiple Choice

The Public Company Accounting Oversight Board (PCAOB) was created ________.

• A) by the Sarbanes-Oxley Act (SOX)
• B) to perform audits of public companies
• C) to make restitution to investors who were defrauded by the issuance of fraudulent financial reports
• D) to require auditors to take responsibility for the accuracy and completeness of financial reports from firms they audit

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Definitions:

Pessimistic Attributional

A tendency to blame negative outcomes on stable, internal factors within oneself, expecting future failures.

Learned Helplessness

Through experience with unavoidable aversive stimuli, an organism learns that it has no control over negative outcomes.

Psychological Factors

Elements of a person's psychological state that influence their behavior and well-being, such as attitudes, emotions, and motivations.

Depressive Disorder

A mood disorder characterized by persistent feelings of sadness, hopelessness, and loss of interest in activities, often accompanied by physical symptoms.