text: Congress has passed the Sarbanes-Oxley legislation which included establishment of the Public Company Accounting Oversight Board ( PCAOB ) , tougher independence standards for auditors of public companies , and independent funding sources for the PCAOB and the FASB ; the SEC has taken a number of regulatory and enforcement actions and made initial appointments to the PCAOB ; various U.S.
  
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  Congress has passed the Sarbanes-Oxley legislation