The Sarbanes-Oxley Act of 2002 Created

question 111

Multiple Choice

The Sarbanes-Oxley Act of 2002 created:

• A)The Security and Exchange Commission.
• B)The Financial Accounting Standards Board.
• C)The Public Company Accounting Oversight Board.
• D)The Income Tax Return Overview Board.

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Definitions:

Interest Revenue

Income earned on investments, savings accounts, and other financial instruments that pay interest.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Stock Securities

Shares of ownership in a corporation or financial assets representing such shares, which can be bought and sold in the stock market.

Debt Securities

Financial instruments representing a loan made by an investor to a borrower, typically including bonds, notes, and bills.