Take the following as truth: In response to the question of whether the Sarbanes-Oxley Act of 2002 should be revisited, participants believed that although ultimately some technical changes to the act may be necessary, the SEC and the PCAOB needed to move forward to implement the act.
Then the following statement: "The SEC and PCAOB can not implement the act, they have no power to do so." is true, false, or inconclusive?
Answer: False