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The Sarbanes-Oxley Act initially required all public companies to have an independent auditor file a report with the SEC, but amended it to exempt: Private Companies Private or Public Companies with under 300 employees All Companies are required have an independent auditor Public Companies with under $75 million in market capitalization

The Sarbanes-Oxley Act initially required all public companies to have an independent auditor file a report with the SEC, but amended it to exempt: Private Companies Private or Public Companies with under 300 employees All Companies are required have an independent auditor Public Companies with under $75 million in market capitalization

FINANCIAL ACCOUNTING
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 Sarbanes-Oxley Act initially required all public companies to have an independent auditor file a report with the SEC, but amended it to exempt: Private Companies Private or Public Companies with under 300 employees All Companies are required have an independent auditor O Public Companies with under $75 million in market capitalization
Transcribed Image Text:The Sarbanes-Oxley Act initially required all public companies to have an independent auditor file a report with the SEC, but amended it to exempt: Private Companies Private or Public Companies with under 300 employees All Companies are required have an independent auditor O Public Companies with under $75 million in market capitalization
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