There Are Several Aspects of the Enron Fraud That Are

Multiple Choice

There are several aspects of the Enron fraud that are dealt with directly in SOX further connecting Enron to reform in the accounting profession. Which of the following is true?

A) SOX permitted the provision of internal audit service for audit clients
B) Off-balance-sheet financing activities were prohibited for all companies
C) Related-party transactions require disclosure in the notes
D) Cookie jar reserves must be disclosed in the notes