Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
Sagot :
The SOX act of 2002 transferred authority for standard setting, inspection, investigation and enforcement for public company audits from the profession to the Public Company Accounting Oversight Board (PCAOB).
The Sarbanes-Oxley Act of 2002 (SOX) is a United States federal law that mandates sweeping auditing and financial regulations for public companies. It established certain financial record-keeping practices and reporting rules for corporations. Its main purpose is to enhance auditing and public disclosure in response to several accounting scandals in the early 2000s.
The Public Company Accounting Oversight Board (PCAOB) is a nonprofit corporation established by the Sarbanes-Oxley Act of 2002 (SOX). Its main motive is to oversee the audits of public companies. This is done to ensure the protection of the interests of the investors and enhancement of the public interest in the preparation of information and accurate and independent audit reports.
Learn more about the SOX act of 2002: brainly.com/question/34358364
#SPJ4
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.
