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.

---

Definitions:

Arnett's Five Features

Key characteristics defining emerging adulthood, including identity exploration, instability, self-focus, feeling in-between, and possibilities/optimism for the future.

Adolescent Development

The physical, emotional, psychological, and social changes that occur during the transition from childhood to adulthood.

Parents

The caregivers of offspring in their own species; typically biological but can also be adoptive or foster, where they provide support, education, and guidance.

Peers

Individuals who are equal in status or age, often used in the context of social relationships among people with common interests or backgrounds.