Question 2 Under the SarbanesOxley Act of 2002 the Public Co

Question 2 Under the Sarbanes-Oxley Act of 2002, the Public Company Accounting Oversight Board (PCAOB) established rules rolating to which of the fllowing areas? Financial reporting O Production quality control Executive compensation Hring and firing practices. O Audit quality, ethics, and independence.

Solution

Answer:

-       Audit quality, ethics and independence

Under the Sarbanes-Oxley act of 2002, the Public Company Accounting Oversight Board established to oversee the audit of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports