The Sarbanes–Oxley Acta. requires the SEC to establish a federaloversight board for the accounting industry.b. requires CEOs to certify periodic financialstatements.c. subjects auditors, accountants, andemployees to imprisonment for destroyingfinancial documents.d. prohibits many types of consulting servicesby accounting firms.e. All of the above are true.
The Sarbanes–Oxley Acta. requires the SEC to establish a federaloversight board for the accounting industry.b. requires CEOs to certify periodic financialstatements.c. subjects auditors, accountants, andemployees to imprisonment for destroyingfinancial documents.d. prohibits many types of consulting servicesby accounting firms.e. All of the above are true.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Sarbanes–Oxley Act
a. requires the SEC to establish a federal
oversight board for the accounting industry.
b. requires CEOs to certify periodic financial
statements.
c. subjects auditors, accountants, and
employees to imprisonment for destroying
financial documents.
d. prohibits many types of consulting services
by accounting firms.
e. All of the above are true.
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