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Under the Sarbanes Oxley Act of 2002, the section on Auditor Independence establishes an independent board to oversee public company audits.

a. true
b. false

1 Answer

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Final answer:

The statement is true. The Sarbanes-Oxley Act of 2002 established an independent board to oversee public company audits.

Step-by-step explanation:

The statement is true. Under the Sarbanes-Oxley Act of 2002, section on Auditor Independence established the Public Company Accounting Oversight Board (PCAOB), an independent board responsible for overseeing public company audits.

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