Abstract: Many regulatory bodies are involves with the Sarbanes-Oxley Act. The Sarbanes-Oxley Act itself created the main governing body, called the Public Company Accounting Oversight Board (PCAOB). The PCAOB in turn influences the Securities and Exchange Commission (SEC), and deals with issues related to the Committee of Sponsoring Organizations (COSO) and the Financial Accounting Standards Board (FASB). The FASB was formed in 1973 to establish standards of financial accounting and reporting for private industry. To guarantee the public-interest focus, the FASB is independent of all other business and professional organizations. This chapter explains the relationships among these bodies and explores the depth, breadth, and influence of each entity as it relates to Sarbanes-Oxley.
Publication Year: 2012
Publication Date: 2012-01-02
Language: en
Type: other
Indexed In: ['crossref']
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