The Sarbanes-Oxley Act Created the Establish Rules and Standards for Auditing

question 23

Multiple Choice

The Sarbanes-Oxley Act created the establish rules and standards for auditing. to oversee the accounting firms that audit public corporations and to

• A)Public Company Accounting Oversight Board
• B)Corporate Accounting Oversight Commission
• C)Enron Accounting Fraud Administration
• D)Occupational Health and Safety Administration
• E)Equal Employment Opportunity Commission

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Definitions:

Blank Endorsement

An endorsement on a financial instrument, such as a check, with only the signature of the endorser, making it payable to anyone holding the instrument.

Payee's Signature

The signature of the person entitled to receive payment on a check or document, signifying approval or receipt of money.

Communicating Income

The process of sharing or reporting financial earnings, typically involving individuals, businesses, or other organizations.

Financial Health

A measure of the financial stability and viability of an individual, organization, or entity, assessing aspects like liquidity, debt, and profitability.