The purpose of the Sarbanes-Oxley Act was to Question 7 options: require firms to be more rigorous in their accounting and reporting practices. eliminate accounting firms from having to hire accountants that are certified. define generally accepted accounting principles. force accounting firms to combine their consulting and auditing businesses. establish standards and testing procedures for becoming a CPA.

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Answered: The purpose of the Sarbanes-Oxley Act…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The purpose of the Sarbanes-Oxley Act was to

Question 7 options:

	require firms to be more rigorous in their accounting and reporting practices.
	eliminate accounting firms from having to hire accountants that are certified.
	define generally accepted accounting principles.
	force accounting firms to combine their consulting and auditing businesses.
	establish standards and testing procedures for becoming a CPA.

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