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:

Administered

Managed or directed; the implementation and execution of rules, operations, or care by an individual or authority.

Frankfurt School

A group of mid-20th-century theorists who combined Marxist economic analysis with Freudian psychoanalysis to critique culture and society.

Political Sites

Online or physical spaces where political activity, discussion, and engagement occur.

Powerful Capitalists

Individuals or entities that hold significant economic power and influence within capitalist societies, often through wealth accumulation and control over production and resources.