Due to Various Fraudulent Business Practices and Accounting Coverups in the Early

question 5

Multiple Choice

Due to various fraudulent business practices and accounting coverups in the early 2000s,Congress enacted the Sarbanes-Oxley Act of 2002.The act was responsible for establishing a new oversight board for public accountants called the

• A)Generally Accepted Accounting Practices for Public Accountants Board.
• B)Public Company Accounting Oversight Board.
• C)Congressional Accounting Oversight Board.
• D)None are correct.

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Definitions:

Law Enforcement

Agencies and officials tasked with maintaining public order, enforcing laws, and preventing, detecting, and investigating criminal activities.

Inductive Approach

A method of reasoning that creates general principles from specific observations, often used in scientific and empirical research.

Polygraphs

Devices used in an attempt to detect lies, measuring physiological responses believed to be indicators of truthfulness or deception.

Perspiration

The process of sweating, where the body excretes water and salts through the skin primarily to regulate body temperature.