The Sarbanes-Oxley (SOX) Act of 2002 Created the PCAOB

question 54

Multiple Choice

The Sarbanes-Oxley (SOX) Act of 2002 created the PCAOB. The PCAOB

• A) Is primarily responsible for establishing generally accepted accounting principles.
• B) Provides legal and expert services to CPA firms when they are involved in class-action law suits.
• C) Oversees the conduct of acts that are intended to influence, coerce, manipulate, or mislead a CPA when he/she is preparing a company's financial statements.
• D) Oversees audits of companies whose securities are public traded.

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Definitions:

Football Players

Athletes who participate in football, a team sport involving the passing and kicking of a ball to score points.

Standard Deviation

A standard for gauging the extent of variability or distribution across a series of values.

Normally Distributed

Describes a bell-shaped distribution that is symmetric about the mean, where data near the mean are more frequent in occurrence than data far from the mean.

Football Players

Individuals who participate in football, a team sport involving the kicking of a ball to score goals or points.