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:

Rigorously Gathered

Information or data collected with meticulous attention to detail and adherence to strict standards of accuracy.

Research Question

A clearly defined query that outlines the focus of a study or investigation.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Research Design

A structured plan or strategy outlining how research will be conducted, including methods for collecting and analyzing data, to address specific research questions or hypotheses.