Reflect on the major responsibilities of the pcaob

Reference no: EM133507284

Question 1: The Sarbanes-Oxley Act of 2002 (SOX) is a federal law that established sweeping auditing and financial regulations for public companies. Lawmakers created the legislation to help protect shareholders, employees, and the public from accounting errors and fraudulent financial practices.

Question 2: The Sarbanes-Oxley Act created the Public Company Accounting Oversight Board (PCAOB). Reflect on the major responsibilities of the PCAOB. Discuss how this and other legislation impact auditing practices and companies.

Reference no: EM133507284

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