Passage of the Sarbanes-Oxley Act Led to the Establishment of The

question 44

Multiple Choice

Passage of the Sarbanes-Oxley Act led to the establishment of the:

• A) Auditing Standards Board.
• B) Accounting Enforcement Releases Board.
• C) Public Company Accounting Oversight Board.
• D) Securities and Exchange Commission.

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Definitions:

Deviance

Behaviors or actions that violate societal norms, values, or standards, often leading to social disapproval or sanctions.

Formal Punishment

Takes place when the judicial system penalizes someone for breaking a law.

Conflict Crimes

Are illegal acts that many people consider harmful to society. However, other people believe the acts to be not so harmful. People who commit conflict crimes are punishable by the state.

Consensus Crimes

Are illegal acts that nearly all people agree are bad in themselves and harm society greatly. The state inflicts severe punishment for consensus crimes.