What is the SEC’s relationship to the Public Company Accounting Oversight Board?
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 8Q: What is the role of the Sarbanes-Oxley Act and the Public Company Accounting Oversight Board?
Related questions
Question
What is the SEC’s relationship to the Public Company Accounting Oversight Board?
Expert Solution
Step 1
The Sarbanes-Oxley Act created the Public Company Accounting Oversight Board to supervise the auditors which are of the company owned by the public. This is a governmental body that is under the control of SEC which effectively minimizes self-regulation in the accounting profession.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Business/Professional Ethics Directors/Executives…
Accounting
ISBN:
9781337485913
Author:
BROOKS
Publisher:
Cengage
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning